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Topic: ANYTHING BESIDES BITCOIN IS ‘USELESS’ – TONE VAYS AND NOURIEL ROUBINI SQUARE OFF (Read 162 times)
September 08, 2018, 08:11:25 AM
September 06, 2018, 09:03:44 AM
It is not good that people calling bitcoin useless in the space of any other thing is simply idiotic activity. Bitcoin is a separate crypto currency it has nothing to do with other coins around the market. so people should understand the fact.
September 06, 2018, 04:04:37 AM
Bitcoin is the only useful coin right now. The emphasis being on the right now. There will be many great applications of the blockchain and if they come coupled with coins then there will be countless useful coins. Sounds like for the most part they'd already agreed what would be discussed and it was mostly an anti-alt-coin discussion.
September 06, 2018, 03:57:18 AM
This seems a bit too rash to be honest. If BTC was the only solution, then there would not have been so many people toiling away hours to come up with new and innovative coins like Stellar Lumens and NEO for example. BTC is the best, but we do need other coins so that it will not become a monopolistic market.
September 06, 2018, 02:08:11 AM
Ruling BTC as the only useful coin is wrong. There are a lot of useful coins in the market such as Stellar Lumens, NEO and PundiX. And we can't rule them out because they are equally as important as BTC
September 06, 2018, 01:44:26 AM
There are too many things that altcoins can achieve that bitcoin can't. The speed of transactions makes it unpractical for use in games, also it doesn't have any built in privacy features. Digital gold is it's strong point while altcoins can cover everything else
September 06, 2018, 01:37:51 AM
Even though we do believe that BTC is the best coin in the market, saying that it is the only solution is wrong too. There are a lot of other altcoins in the market too, which are useful too, for example Stellar Lumens.
September 02, 2018, 10:20:31 AM
i feel like the argument is happening between two sides with extreme opinions and both are equally wrong but in the opposite directions.
for instance calling anything else that is not bitcoin as useless is just exaggeration in my opinion. there are still good coins out there but the coin names that we keep hearing every day are not one of those and they are actually useless.
for instance calling anything else that is not bitcoin as useless is just exaggeration in my opinion. there are still good coins out there but the coin names that we keep hearing every day are not one of those and they are actually useless.
September 02, 2018, 07:56:07 AM
David Drake, founder of LDJ Capital, was the moderator for a match up between Nouriel Roubini and Tone Hays. Drake was quick to note Roubini’s prediction of the 2008 economic crisis.
In the discussion, Roubini notes that his experience in blockchain stems from his ability to see a bubble when it exists.
Vays responded with his outlook on the crypto space. Former trader Vays, now a speaker and prominent YouTuber, says he disagrees with Nouriel on the dysfunction of the crypto space. However, Vays maintains that anything besides Bitcoin $7248.45 -0.03% is ‘useless,’ and ‘anything else is scammy or fraudulent.’
Roubini placed a strong emphasis on the tension between institutions and regulations.
Vays went on to compare Bitcoin to nuclear waste — if you don’t know how to properly store it, disaster may strike. Vays still remains a devotee despite this apparent pitfall.
Roubini held fast, remaining extremely skeptical of crypto. Roubini emphasized numerous pump-and-dump schemes, as well as traders exchanging “shitcoins day in and day out.”
Roubini says that while 99.9% of cryptocurrencies will fail, Bitcoin is the only crypto that would exist should everything else go haywire. Tone Vays was quick to respond by noting the ‘unconfiscatable’ nature of Bitcoin — if stored correctly, as well as unconfiscatable value transfer.
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Roubini quickly back that ‘it is not true they cannot be confiscated,” noting economists like U.S. Secretary of Treasury Steve Mnuchin who worry that the currency may become the next ‘Swiss bank account.’ Roubini was extremely skeptical that any modern government, especially the Trump government, would tolerate the ‘anonymity’ associated with Bitcoin.
During the tail end of the dialogue, Roubini lit into crypto mining, saying that the centralization of mining is a hypocrisy in light of the crypto’s decentralized claims.
Neither party pulled any punches, and the match-up led up to a brief talk about mining centralization before wrapping up for good.
What are your thoughts about the Roubini-Vays match-up? Let us know what you think in the comments below!
https://bitcoinist.com/roubini-and-vays-square-off-on-block-show/
In the discussion, Roubini notes that his experience in blockchain stems from his ability to see a bubble when it exists.
Vays responded with his outlook on the crypto space. Former trader Vays, now a speaker and prominent YouTuber, says he disagrees with Nouriel on the dysfunction of the crypto space. However, Vays maintains that anything besides Bitcoin $7248.45 -0.03% is ‘useless,’ and ‘anything else is scammy or fraudulent.’
Roubini placed a strong emphasis on the tension between institutions and regulations.
Vays went on to compare Bitcoin to nuclear waste — if you don’t know how to properly store it, disaster may strike. Vays still remains a devotee despite this apparent pitfall.
Roubini held fast, remaining extremely skeptical of crypto. Roubini emphasized numerous pump-and-dump schemes, as well as traders exchanging “shitcoins day in and day out.”
Roubini says that while 99.9% of cryptocurrencies will fail, Bitcoin is the only crypto that would exist should everything else go haywire. Tone Vays was quick to respond by noting the ‘unconfiscatable’ nature of Bitcoin — if stored correctly, as well as unconfiscatable value transfer.
Twitter Ads info and privacy
Roubini quickly back that ‘it is not true they cannot be confiscated,” noting economists like U.S. Secretary of Treasury Steve Mnuchin who worry that the currency may become the next ‘Swiss bank account.’ Roubini was extremely skeptical that any modern government, especially the Trump government, would tolerate the ‘anonymity’ associated with Bitcoin.
During the tail end of the dialogue, Roubini lit into crypto mining, saying that the centralization of mining is a hypocrisy in light of the crypto’s decentralized claims.
Neither party pulled any punches, and the match-up led up to a brief talk about mining centralization before wrapping up for good.
What are your thoughts about the Roubini-Vays match-up? Let us know what you think in the comments below!
https://bitcoinist.com/roubini-and-vays-square-off-on-block-show/
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