RATE Group | Cryptocurrency ‘More Centralized than North Korea’: NYU Economist
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Cryptocurrency ‘More Centralized than North Korea’: NYU Economist

09 Oct Cryptocurrency ‘More Centralized than North Korea’: NYU Economist

Posted at 02:25h in Cryptocurrency News by

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Nouriel Roubini bitcoin cryptocurrency

New York University (NYU) economist Nouriel Roubini is scheduled to testify later this week during a U.S. Senate hearing on blockchain and cryptocurrency technology, and the noted bitcoin basher appears to be preparing for his testimony by trying out some new criticisms of the nascent asset class.

Ethereum Co-Creator a ‘Dictator for Life’

Writing on Twitter, Roubini alleged that it is a myth to say that cryptocurrency is decentralized, stating that in this respect the ecosystem is worse than North Korea. In addition to the usual suspects of mining firms and cryptocurrency exchanges, he alleged that developers such as Ethereum co-creator Vitalik Buterin are “centralized dictators.”

“Decentralization in crypto is a myth. It is a system more centralized than North Korea: miners are centralized, exchanges are centralized, developers are centralized dictators (Buterin is ‘dictator for life’ ) & the Gini inequality coefficient of bitcoin is worse than North Korea,”…

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