Jason Bloomberg writing in Forbes.
Economist and New York University professor Nouriel Roubini is perhaps best known for calling the 2008 financial crisis in a series of articles and presentations starting in 2006. However, Roubini is no one trick pony – his research on emerging markets makes him an expert on speculative bubbles of all sorts.
At last week’s BlockShow conference in Las Vegas, Roubini did not mince his words. “There has been a total collapse this year in the cryptocurrency game,” he told an audience largely skeptical of his point of view. “It’s a crypto apocalypse.”
ROBERT STEELE: The best crypto minds (those that have made hundreds of millions of dollars and plan to keep doing so) are not too impressed. It does however bear mention that the core concept in Nicholas Taleb’s discussion of Anti-Fragility is “fail often” at the tactical level so that the strategic level is strengthened. There is much that I find lacking in both crypto currencies and in information technology generally — such as simple data integrity across platforms and shared sense-making tools. I am on record as forecasting the demise of #GoogleGestapo: Amazon, Facebook, Google, MeetUp, Twitter, YouTube, Wikipedia and others such as Discus and WordPress.com, all lacking in integrity while violating Title 7 and other standards. A few countries are making the leap toward a mix of ending private control of their central bank AND creating a crypto option. We are at the beginning of the curve, one thing Jeff Bezos has right. Most of what we have now will and should fail.