Perennial Bitcoin basher and anti-cryptocurrency campaigner, Nouriel Roubini and Ethereum founder Vitalik Buterin had a heated debate at the second edition of the Deconomy blockchain event in Seoul, South Korea.
Broken Record: Roubini Has Nothing New to Say
Nouriel ‘Dr. Doom’ Roubini – a New York University economics professor regurgitated his old hits, calling cryptocurrency a bubble and saying that it was only useful to criminals and tax evaders looking to launder money with virtual currencies as the “New Swiss bank.”
However, having made the above assertions, Roubini then goes on to say:
I don’t think crypto payments for criminal activity is going be the future of it. They’re not anonymous and even for cryptos that try to be anonymous like Monero, kleptocratic governments will make sure your wallet is registered.
Dr. Doom also relived some other hits like price manipulation claims, pump and dump schemes, exchange hacks as well as ICO fraud as reasons why cryptocurrencies are worthless. Roubini debunked the…