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Thread: Debunked: How Nouriel Roubini Failed to Attack Crypto with Cherrypicked Data

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    Default Debunked: How Nouriel Roubini Failed to Attack Crypto with Cherrypicked Data



    Recognized economist Nouriel Roubini, a professor at Stern School and NYU, recently launched a series of attacks against the crypto sector.

    All of the False Claims Roubini Made
    He claimed Bitcoin is a Ponzi scheme, Ethereum co-creator Vitalik Buterin amassed a wealth of a billion dollars by creating a pre-mined blockchain network, and said public blockchain protocols are unusable due to $60 fees — all of which are completely false.

    Buterin disclosed that he had never held more than 0.9 percent of Ethereum’s total supply and had nowhere close to a billion dollars. Bitcoin fee is estimated to be around $0.1 according to Blockchain, not $60.

    First claim: Bitcoin transaction fee is $60
    Absurdly, Roubini decided to utilize a narrative that Bitcoin’s transaction fee is $60 and to pay for products of less value such as a cup of coffee, it costs upwards of $63.

    For instance, Roubini stated that to purchase a Starbucks latte, which costs $2.9, one would have to pay $63 to buy with BTC.

    source https://www.ccn.com/debunked-how-nou...rypicked-data/
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    Default

    Interesting article. Thanks for posting!

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