Nouriel Roubini: the blockchain is no better data to Excel
Source:
— «the mother of all bubbles». In the event the Blockchain Economic Forum in Davos, Nouriel Roubini has again spoken out against the mass adoption of digital assets in the world. During his speech, Nouriel said that the bearish trend is a direct confirmation of his words about the uselessness of Bitcoin.
thethe Blockchain is a waste of time
From the development of blockchain not affect the future «revolution in Finance». Cryptocurrencies themselves are so small that do not have a significant impact on the world.
I believe that sooner or later will be a revolution in financial services. The name of this revolution — FINTECH. However, my definition of Finance has nothing to do with bloccano or cryptocurrency.
The technology of sequential circuit blocks is not than other, as «imaginary database», which is not better than sheets in Excel. In the long term, cryptocurrency supposedly doomed to failure because they can't fulfill even their basic functions.
They are not a unit of account, means of payment or a stable instrument of accumulation. You can't have something decentralized, but it is scalable and secure. Bitcoin gives the opportunity to spend a maximum of 5 transactions per second, while Visa handles 25,000 transactions over the same period of time.
about the possible launch of cryptocurrency is one of the world's Central banks Roubini called a complete farce. In his opinion, this project was not destined to be realized.
How to interpret the phrase «digital currency the Central Bank»? It is a cryptocurrency? No. It is based on the blockchain? No. Right, it's centralized database. It is fully controlled by the Bank.
It is Noteworthy that acted Roubini one and has not held any discussions with other forum visitors. Maybe he didn't want his arguments, at least someone said something bad. To Express their opinion about Nouriel in our .
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