/biz/ - Business & Finance

[Anonymous No.28705245]

/biz/, have you heard of a man named Nouriel Roubini?
He is an economics professor at NYU who for some reason has a deep, deep hatred for blockchain technology and cryptocurrency. He often writes op-eds railing against the entire idea and has done so for years.
In pic related (https://archive.is/P7lSf)), which is from 2018, he says that blockchain exists simply because of greed.
He has a ton of articles like this. His Twitter account (link: https://twitter.com/Nouriel)) is also filled with seething posts like this retweet (he also seems to hate Elon Musk):
>I think Elon just made $300 million off of his BTC scam and walked away leaving everyone holding the bag
So, what the fuck is his problem?

[Anonymous No.28705371]

>>28705245
(((they))) are getting salty about being a late adopter.

[Anonymous No.28705412]

wow thx for the 2018 article. great thread bro

[Anonymous No.28705580]

>>28705245
bitcoins critics are not wrong about that bitcoin will not save or even change the world. the world is fucked bitcoin is an escape hatch for the few that risk use it in time.

[Anonymous No.28705809]

>>28705245
Many 'educated' people can't handle when they're wrong. They'll just double-down and insist everyone but them are wrong.

I knew an early ETH adopter who used to argue with a PhD student. When crypto shot up the adopter went off in to the sunset with a lot of experience, money, and a lucrative skillset. The PhD would just insist everyone is wrong and its all BS.

[Anonymous No.28705876]

>>28705245
>have you heard of a man named Nouriel Roubini?
Yes, he's a kike and a statist (and not the good kind of statist such as an aryan natsoc, he's a ZOG statist)that doesn't want to see mediums of exchange which are separated from state control

[Anonymous No.28705969]

>>28705245
He called Michael saylor a coke head in his latest interview. Which now when I think of it is probably accurate.

[Anonymous No.28706022]

>>28705412
He’s still doing the same shit today, you fucking retard. Neck yourself

[Anonymous No.28706146]

>>28705580
Sure but he goes as far as saying that the technology is bad, which as we can see with the way things are moving in the world with big data and cyber security, that’s just untrue. Bitcoin was basically a proof of concept

[Anonymous No.28706184]

>>28705245
>So, what the fuck is his problem?

[Anonymous No.28706383]

>>28706146
bitcoin is the first monetary system not based on violence. bitcoin was the first asset you could privately own where ownership was based on knowing a secret and not the states superior ability to do violence (legal system).

if someone says that's bad i know exactly who he is and who sent him.

[Anonymous No.28706477]

Just think in terms of logic not feelings.
People want to be right, mostly because of ego and they will take advantage of anything to get their confirmation bias.

[Anonymous No.28706536]

>>28705245
>Digital money is BAD because it's just 1s and zeros in a computer
>Digital fiat currency is fine though, they are the chosen 1s and 0s

Even Runescape gold is a better medium of exchange than most fiat currencies in the turd world desu senpai

[Anonymous No.28706601]

>>28706477
He's right though kek.

[Anonymous No.28706651]

>>28705245
His problem is that BTC exposes the fraud that the global monetary system really is. Hard work is not rewarded with equal amounts of money. I sat on my ass for the last three years and earned one million USD whereas the three years before that I worked 50 hour weeks and had like 10k in savings.

[Anonymous No.28706712]

>>28705245

[Anonymous No.28706770]

>>28705245
He is right tho people just buy crypto because they expect the price to go up

[Anonymous No.28706819]

>>28705245
Nouriel Roubini is often times referred to as Doctor Doom
What his problem is? People have asked themselves this for literal decades

He "predicted" the 2008 great financial crisis but only because he was critical of everything dollar related
What he is for? Nobody has any fucking idea
He is just Doctor Doom and hates everything and it's unbelievable
He's been a relevant guy for maybe about 20-30 years now in the financial sphere. His most famous work isn't in the crypto space

He is also famous for saying "Nobody gives a shit about your shitcoins" and then dropped the mic
Guy literally seethes about everything and nobody has any idea why and what his problem is

[Anonymous No.28706831]

>>28705245
Bitcoin was invented at NYU and he wasn’t involved. He has been salty ever since.

[Anonymous No.28706841]

>>28706770
Greed is the entire foundation for BTC. If there was no monetary compensation, there would be no miners and nobody to secure the network. Look at NANO or IOTA. Greed makes real crypto work.

[Anonymous No.28706999]

>Ks talking about greed

[Anonymous No.28707734]

Nouriel Roubini I'm gussing OP is this faggot ?
>post random dogshit article

fuck you

[Anonymous No.28707783]

In his recent talking heads interview, he railed against Bitcoin saying that it's deflationary implying that's a bad thing. Does monetary supply need to reflect gdp like he said? Is inflation good when the economy is growing? Explain to brainlet please frens.

[Anonymous No.28708133]

>>28707783
it's a bad thing for money. truly it is. but bitcoin is not money. it's not gold. it's better than the best qualities of both combined a hundred times.

[Anonymous No.28708223]

>>28705245
All keynsians hate bitcoin because they want you enslaved and bitcoin prevents that.

[Anonymous No.28708235]

>>28706146
Technically yes the technology is grossly inefficient and it's not very good for what it is supposed to do

[Anonymous No.28708299]

>>28706819
so what you're telling me is that he is accumulating

[Anonymous No.28708313]

>>28707783
>Is inflation good when the economy is growing?
yes controlled small inflation is best for economic growth. however... you can't eat the cake and also keep it for later.

>the boom-bust cycle worked. in the boom ideas flourish inventions are realized and new ways are tried. then comes the bust where only the strong survive it is the evolutionary pressure the trial by fire that separates garbage business from good business.
>when keynesians fuck with the bust cycle they remove the evolutionary pressure that forces bad business out of the market. and a huge monster bubble is formed while productivity is not really growing.

[Anonymous No.28708348]

>>28705245
Hi Nouriel, are you trying to be more recognised?

[Anonymous No.28708364]

>>28706383
based and violence is the supreme authority pilled

[Anonymous No.28708386]

>>28708235
i think it's perfect for my purposes. i would have never made it without bitcoin.

[Anonymous No.28708468]

Bitcoin does suck because proof of work is just more trash that favors the Chinese but thinking blockchain as a whole is bad tech is pathetic. Just your typical upper class chutzpah directed at goyim that aren't allowed to make it

[Anonymous No.28708564]

>>28708386
If you made less than a million you haven't made it

[Anonymous No.28708727]

>>28706841
>Look at NANO or IOTA
What about it?

[Anonymous No.28708728]

>>28708313
Thanks for brainfood anon.

[Anonymous No.28709113]

>>28708564
my definition of made it is simple: i never have to work an other day in my life. i make more in a month ow than i used to make in a year. been stacking bitcoin since 2018. been preparing to buy the dip the entire 2017 bull run. there was a rough patch when we dipped below my entry and i felt beaten and devastated also coincided with a family tragedy. but i got through it.

i can only recommend bitcoin to anyone. buy the dip faggots! just perhaps do dca better than me don't fomo be patient!