Blockchain Skepticism in Cleveland
Cleveland civic leaders are gaga for blockchain right now. Organizations are pulling together in an uncharacteristic way, in support of Bernie Moreno's moonshot "Blockland". This week, Noriel Roubini's delivered well-researched statements for the Senate banking committee, on why cryptocurrency is a scam ("the mother or father of all scams and bubbles"), and blockchain is massively overhyped ("In practice it is nothing better than a glorified spreadsheet or database"). Roubini is a professor at NYU, studies asset and credit bubbles, and…
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