The Big Blockchain Lie by Nouriel Roubini - Project Syndicate

in dlike •  6 years ago 

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Now that cryptocurrencies such as Bitcoin have plummeted from last year's absurdly high valuations, the techno-utopian mystique of so-called distributed-ledger technologies should be next. The promise to cure the world's ills through "decentralization" was just a ruse to separate retail investors from their hard-earned real money.


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The guy obviously has no clue what is taking place around the world with this technology.  Of course, he has been wrong about everything the last decade so why should he stop now.