The Founder of LDJ Capital David Drake recently organized a debate between Nouriel Roubini and Tony Weiss. Prior to that, Roubini is not just the disadvantages of the cryptocurrency and called it the bubble. However, he has good credit — informed Roubini accurately predicted the economic crisis of 2008. The details of the dispute supporter and opponent of the crypt published .the
Tony Weiss found the arguments in favor of the stock market. However, even he does not exclude that except Bitcoin can be «useless» or even «outright Scam».
Roubini is struck with the other hand — the analyst has noticed that financial regulators are not too favorable to digital assets. In response, Weiss compared the Bitcoin with nuclear waste.
If you don't know how to store nuclear waste — this could be a disaster. The same applies to cryptocurrency.
According to Weiss, bitcoins cannot be confiscated by their holder. If the crypt is stored in a safe place, no one else can steal it or somehow affect the transaction of coins.
Roubini from this point of view does not agree.
This is not true. Them .
Analyst fears that the cryptocurrency can become a new «a Swiss Bank account» where to siphon funds for concealment from taxes. In addition, any government, including the administration of Donald trump, is unlikely to turn a blind eye to the anonymity of Bitcoin.
Highlights of my head to head w/ at event. I agree w/ him on everything except being a which competes w/ & on:
2. Moneytary Policy
3. Censorship Resistance Payments
— Tone Vays [@Bitcoin] (@ToneVays)
At the end of the debate Roubini also mentioned that mining of Bitcoin is becoming more and this could jeopardize the image of the entire industry.
What do you think about the centralization of Bitcoin? Share your point of view in our .
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