Vitalik Buterin and Nouriel Roubini Go Head to Head

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Nouriel Roubini, a left leaning economist who has replaced Paul Krugman as the bitcoin basher, and Vitalik Buterin, ethereum’s inventor, debated the merits of crypto at Deconomy currently on-going in South Korea. Roubini opened with the usual arguments of cryptos being volatile, inefficient, non-scalable, with price manipulations, pump and dumps, fake volumes, constant hacks, and fraud in ICOs. Antony Lewis, Research Director at R3, then asked Buterin what he thinks is the value of cryptos. Buterin begun by stating censorship resistance is one aspect. He mentioned the rise of corporate censorship which at time is done in collaboration with the government as shown by Operation Chokepoint. Another aspect is making payments to contractors all over the world. “For me, it’s been great,” he said in regards to making international payments with crypto. Cryptos do have genuine conveniences which might be stronger for people that engage in unconventional activities, Buterin said,…

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