Economist Nouriel Roubini has been dominating #cryptotwitter this past week after his publicized senate hearing and debate with Peter Van Valkenburgh concerning the viability of Bitcoin and blockchain. Roubini’s case, filled with unsubstantiated claims around criminal activity and lack of scalability, was quickly and ruthlessly picked apart by blockchain industry experts and enthusiasts in the Twittersphere. We selected a couple of our favorites to give you a sense of the whole affair.
First, we have the brilliant claims by Dr. Roubini such as this one –
So the cost per transaction of bitcoin is literally $60. So if I were to buy a $3 latte at Starbucks I would have to pay $63 to get it! So the myth of a "Brilliant new technology that reduces the vast fees of legacy financial systems"! turns out to be a Big Fat Lie! https://t.co/vcOGTNcu7N
— Nouriel Roubini (@Nouriel) October 14, 2018
Things quickly escalated from there, with some taking a much darker tone on Roubini’s presence.
The most ferociously original horror film of the year. pic.twitter.com/M00lO48hps
— ᗩᒪᎧTTᗩ ᗰᎧᑎEY ❂ (@money_alotta) October 13, 2018
But most were lighthearted teasing, either focusing on the curmudgeon-y nature of Roubini’s outlandish claims or putting the whole affair in a playful light.
Roubini on his way to Davos. pic.twitter.com/hoer7F0HSq
— Max Keiser, tweet poet. (@maxkeiser) October 13, 2018
One interesting take on all of this is the interpretation that Dr. Roubini is bitter due to his lack of involvement in one of the fastest growing assets of 2017, especially since his reputation is almost wholly built on his foresight of the 2008 economic collapse.
— Richard Heart (@RichardHeartWin) October 11, 2018
One thing is clear, Roubini is building quite the media presence on and off Twitter completely focused on an opposition to blockchain technology. We’re sure to see more to come from “Dr. Doom” as he continues to clash with proponents of the cryptoverse.
Roubini's entire feed is about crypto 🤔
It's all he seems to think about.
Soon he'll put out a tweet saying something about it that he's interested in, or wants to explore further.
He's hooked. pic.twitter.com/5aPzNQwjw0
— Randy Moish 🎃 (@nondualrandy) October 14, 2018
And one last thing. The online showdowns between Nouriel Roubini and Ethereum-Founder Vitalik Buterin are quite the spectacle. Hopefully, we’ll see a live face-off in the near future.
I officially predict a financial crisis some time between now and 2021.
Not because I have any special knowledge or even actually think that, but so that I can have a ~25% (or whatever) chance of later being publicly acclaimed as "a guru who predicted the last financial crisis".
— Vitalik Non-giver of Ether (@VitalikButerin) October 10, 2018
Happy hunting #cryptotwitter.
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