Nouriel Roubini: Bitcoin must embrace the rule of law
Digital currencies can survive if they embrace the rule of law, says leading economist and professor at New York University’s Stern School of Business, Nouriel Roubini. The economist, who is known as “Dr. Doom” for his pessimistic predictions about the economy, including in 2008 when he famously predicted the housing bubble crash, believes that legal institutions will help bring reliability to cryptocurrencies. Nouriel says AML and KYC legislation will be crucial to the acceptance of Bitcoin by legacy financial systems. “You need regulation, you need that credibility, but you build it by having institutions,” he says. The importance he places on the rule of law is one subject which he and Dr. Craig Wright, the inventor of Bitcoin, agree on. The two men shared a stage together at CoinGeek Zurich last week, where they discussed the role of Bitcoin in our financial system and the digital asset market. During his combative keynote speech, Nouriel argued that cryptocurrencies are weakened by a lack of regulation. He explains further to Charles Miller, on this week’s episode of CoinGeek Conversations, that he thinks there needs to be an international agreement on the regulation of cryptocurrencies to ensure we don’t end up with a “law of the jungle.” Nouriel also agrees with Dr. Craig Wright on the legal benefits of Bitcoin being a pseudonymous currency, rather than an anonymous one, saying “law enforcement prefers people using Bitcoin rather than an offshore financial centre for a variety of criminal activities.” This is because every Bitcoin transaction is recorded on the blockchain, a permanent and public ledger, which anyone can access. This means transactions are traceable, public keys can be identified and criminals can be connected to digital wallets, bursting with ill-gotten gains. This was proven last week in the United States, when the FBI traced $2.3 million worth of Bitcoins, extorted by a criminal hacking group known as DarkSide. The money, paid in ransom by Colonial Pipeline, was not only found but seized by federal investigators. This will help to prove the legitimacy of digital currencies and shift the image of Bitcoin as the currency of choice for criminals, especially when combined with regulation. While Nouriel is no convert to Bitcoin SV just yet, it seems that the attractive regulatory framework BSV is building, the proven traceability of digital assets and the contempt for BTC that he shares with those working in the BSV ecosystem, could lead to a change of perspective from “Dr. Doom” in the future.
Daily Morning Crypto Update | April 1st | Nouriel Roubini is Satoshi Nakamoto, Doge to the Moon, YouTube censorship, and concerns with CBDC's
The Blockthrasher Morning Brew
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Nouriel Roubini Sees A Bad Recovery, Then Inflation, Then A Depression
During the last crisis, the economist Nouriel Roubini earned the nickname “Dr. Doom” for his ominous prognostications about the economy and financial system. While he prefers the moniker “Dr. Realist” Roubini is once again extremely negative. On this week’s episode he explains why he sees a poor recovery, then a bout of inflation, and then ultimately a depression in the wake of this crisis. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Meet the Mover - Nouriel Roubini, Professor of Economics at NY University's Stern School of Business
Invest Africa Insights
Rob Hersov, Founder and Chairman of Invest Africa, sits down with Dr Doom for a tough discussion on his view of the US and world economy in this current crisis. Nouriel will give his predictions - a recession that he believes will be more severe than 2008, and his expectations for more “white swans” (in addition to the virus pandemic), which will further derail the global order. And what can be done to stabilise the world.
Nouriel Roubini on What Could Trigger the Next Global Recession
Take 15 Podcast
Episode #396. Nouriel Roubini, sometimes known as “Dr. Doom" for his gloomy predictions, lays out four "games of chicken" that could crash the global economy and markets: US-China trade war, the US-Iran conflict, Brexit implications, and Argentina. He also shares his views on the US presidential elections in 2020 and why crypto is a "scam" and bitcoin "the most over-hyped technology ever."
A number of geopolitical and financial risks are stalking the global economy, pointing to a possible recession in 2020. According to Nouriel Roubini, what is key among these risks is the US-China trade war and general protectionism in the global market. Izabella Kaminska talks to the economist and New York University Stern School of Business professor.See acast.com/privacy for privacy and opt-out information.
CryptoQuikRead_171 - Mr Fantastic, A Response to Nouriel Roubini’s Senate Testimony
The Cryptoconomy Podcast
“It’s a shame, then, given all the things he was saying that indeed needed saying, that the useful shade Roubini throws is sullied by a number of misrepresentations, exaggerations, and outright falsehoods” -Daniel GoldmanDon't miss the awesome work by @DZack23 and others at the Abacus Crypto Journal:The Abacus Crypto JournalThe other episodes/work mentioned within for digging a little deeper:How To Critique bitcoin - A Guide (Nic Carter's FUD dice)CryptoChat_001 With Daniel GoldmanThe Verg Hack Explained: By Daniel GoldmanVerge Hack Part Deux: By Daniel GoldmanSupport the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate LinkOr Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5--- Send in a voice message: https://anchor.fm/thecryptoconomy/messageSupport this podcast: https://anchor.fm/thecryptoconomy/support
CryptoQuikRead_171 - Mr Fantastic, A Response to Nouriel Roubini’s Senate Testimony [Daniel Goldman]
“It’s a shame, then, given all the things he was saying that indeed needed saying, that the useful shade Roubini throws is sullied by a number of misrepresentations, exaggerations, and outright falsehoods” -Daniel Goldman Don't miss the awesome work by @DZack23 and others at the Abacus Crypto Journal:The Abacus Crypto Journal The other episodes/work mentioned within for digging a little deeper:How To Critique bitcoin - A Guide (Nic Carter's FUD dice)CryptoChat_001 With Daniel GoldmanThe Verg Hack Explained: By Daniel GoldmanVerge Hack Part Deux: By Daniel Goldman Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io Affiliate Link Or Donate To:3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 Learn more about your ad choices. Visit megaphone.fm/adchoices
The B Foundation and Nouriel Roubini's Testimony to Congress with Giacomo Zucco
What Bitcoin Did
Interview location: SkypeInterview date: Tuesday 16th October 2018Company: BHB NetworkRole: DirectorGiacomo Zucco is a proud Bitcoin Maximalist, and his presentation on the subject at the Honey Badger conference in Riga led to mixed reactions. Some called out the stupidity of Bitcoin Maximalism specifically concerning his slide: The Four Universal Truths of Bitcoin Maximalism:1. Everything which is not Bitcoin is a scam!2. Every attempt at changing Bitcoin is a scam!3. Every attempt at pushing people to spend Bitcoin is a scam!4. We shouldn’t be nice to scammers!While the slide was part tongue in cheek, and I suspect point 3 was trolling Bitcoin Cash supporters, many took this as a strict doctrine of Bitcoin Maximalism and attacked Giacomo for it. Bitcoin Cash is indeed under threat, the Bitmain IPO has identified how much Bitmain accepting and buying BCH is supporting the price, and outside of Bitcoin, very few projects have managed to demonstrate use case or adoption.Even with Bitcoin, there are no coiners who attack the entire crypto space, chief amongst the naysayers is Nouriel Roubini, who last week declared war on crypto with his testimony to Congress. The disappointing thing about Nouriel’s presentation was that he made many good points, but became lost amongst exaggerations and falsities.In this interview, I discuss Nouriel’s testimony with Giacomo Zucco, the disservice he did himself with how he presented his arguments and what Giacomo and I agreed and disagreed with. We also discuss:- The B Foundation- Brexit- Monero-----If you enjoy The What Bitcoin Did Podcast you can help support the show my doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: Bitcoin | Ethereum | Litecoin | Monero | ZCash | RipplecoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.