Nouriel Roubini, the New York University’s Stern School of Business professor known for his rather colorful anti-crypto remarks will try to dissuade lawmakers from creating more favorable conditions for the development of cryptocurrencies and blockchain-based technology.
“Bitcoin worse than North Korea”
The Harvard-educated economist has made some news on his recent tweet on October 8th, stating that “decentralization in crypto is a myth,” the conditions of the bitcoin ecosystem is worse than that of North Korea and Vitalik Buterin, Etherium’s co-founder, is a “dictator for life.”
He has also pointed out that the Gini inequality coefficient of bitcoin is even worse than that of North Korea’s Leader, Kim Jong Un’s centralized economy and has accused crypto miners, exchanges and developers of being “Centralized Dictators.”
Decentralization in crypto is a myth. It is a system more centralized than North Korea: miners are centralized, exchanges are centralized, developers are centralized dictators (Buterin is "dictator for life" ) & the Gini inequality coefficient of bitcoin is worse than North Korea
— Nouriel Roubini (@Nouriel) October 8, 2018
Known for Anti-Crypto Stance
It’s not new for Dr. Doom to make news regarding his bold and interestingly colorful remarks regarding his disdain on the newfound digital economy.
On May this year, he has stated in a panel discussion on cryptocurrency at the Milken Institute Global Conference in Los Angeles that decentralization in cryptocurrency is “bullshit” and that blockchain is nothing but a “glorified Excel spreadsheet.”
In separate instances, he even went as far as calling crypto supporters as “hodl nuts” and “cyber terrorists” and openly expresses his delight whenever a major price decline in bitcoin occurs.
Roubini will be squaring off in a debate with Coin Center’s director of research, Peter Van Valkenburgh on a senate hearing to be held on Thursday this week.