(Back story: This guy is famous for in "2005 Roubini said home prices were riding a speculative wave that would soon sink the economy." Giving people loans they can't afford is obviously a bad idea.)
He said "literally every human being I met between Thanksgiving and Christmas of 2017" asked him if they should buy cryptocurrency.
Literally? Including babies and people who don't know you?
And that it's a bust "like you have not seen in any history of financial bubbles."
An asset going from $1,000 to $6,000 in year has never been seen?
And that "blockchain is the most over-hyped — and least useful — technology in human history".
Huh?
And blockchain "is nothing better than a glorified spreadsheet or database".
OK, kind of, but now I know he clearly has no idea how a trustless, decentralized network works.
1 comment
[ 3.6 ms ] story [ 15.9 ms ] threadHe said "literally every human being I met between Thanksgiving and Christmas of 2017" asked him if they should buy cryptocurrency.
Literally? Including babies and people who don't know you?
And that it's a bust "like you have not seen in any history of financial bubbles."
An asset going from $1,000 to $6,000 in year has never been seen?
And that "blockchain is the most over-hyped — and least useful — technology in human history".
Huh?
And blockchain "is nothing better than a glorified spreadsheet or database".
OK, kind of, but now I know he clearly has no idea how a trustless, decentralized network works.