Cryptocurrency ‘More Centralized than North Korea’: NYU Economist


New York University (NYU) economist Nouriel Roubini is planned to testify after this week throughout the U.S. Senate hearing on blockchain and crypto currency technology, and also the noted bitcoin basher appears to be planning to get his testimony by trying out some new criticisms of this nascent asset class.

Producing on Twitter, Roubini alleged it is a dream to say cryptocurrency is de-centralized, saying that in this respect the ecosystem is much worse than North Korea. Along with the normal suspects of mining companies and crypto currency exchanges, he declared that developers like Ethereum co-creator Vitalik Buterin are”centralized dictators.”

“Decentralization in crypto can be an dream. It’s a method more concentrated than North Korea: miners are centralized, exchanges are centralized, developers are far centralized dictators (Buterin is’dictator for lifetime’ )