Fed Too Dovish for Red Hot U.S. Economy, Claims Economist

Fed Too Dovish for Red Hot U.S. Economy, Claims Economist

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‘Bitcoin Price’ is a Meaningless Metric: Russian Economist

‘Bitcoin Price’ is a Meaningless Metric: Russian Economist

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Is Bitcoin Fundamentally Incapable of Mass Adoption? The Economist Thinks So

Is Bitcoin Fundamentally Incapable of Mass Adoption? The Economist Thinks So

TweetShareAn article out today in the Economist lists several reasons why Bitcoin may never have a “long-lasting” recovery. The unnamed author writes, in part:“The bust has been correspondingly brutal. Those who bought near the top were left with one of the world’s worst-performing assets. Cryptocurrency startups fired employees; banks shelved their products. On March 14th…

Bitcoin Nothing More Than a ‘Lottery Ticket’: Harvard Economist

Bitcoin Nothing More Than a ‘Lottery Ticket’: Harvard Economist

Advertisement Former IMF Chief Economist and current Harvard University Professor of Economics and Public Policy Kenneth Rogoff believes that bitcoin and other cryptocurrencies currently amount to little more than “lottery tickets” at this moment in time. Writing in the Guardian on Monday, Rogoff stated that while some believe that cryptocurrencies have had their day and…

Cryptocurrency ‘More Centralized than North Korea’: NYU Economist

Cryptocurrency ‘More Centralized than North Korea’: NYU Economist

Advertisement 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…

Ethereum is Bad Due to Lack of Active dApps, Claims Nobel Economist

Ethereum is Bad Due to Lack of Active dApps, Claims Nobel Economist

Advertisement Nouriel Roubini, a widely recognized economist and a professor at Stern School, has said that the decline in the value of Ethereum was expected due to its lack of active decentralized applications (dApps). He said: “No wonder Ethereum is collapsing. 75% of DApps are crypto-kitties, scammy Ponzi pyramid schemes & Casino games. The other…