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Bitcoin is the 'mother of all scams' and blockchain is most hyped tech ever
- andirk 8y ago(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.