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Nobel Prize Laureate Paul Krugman (man who in contrast the web to a fax machine) Warns of an Everlasting Winter for Blockchain

Nobel Prize Laureate Paul Krugman (man who in contrast the web to a fax machine) Warns of an Everlasting Winter for Blockchain

27 thoughts on “Nobel Prize Laureate Paul Krugman (man who in contrast the web to a fax machine) Warns of an Everlasting Winter for Blockchain”

  1. The kind of attention this gets is amazing for those who want attention. They see how many times such an article is repeated on various news outlets and that just fuels more people to regurgitate more shit

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  2. When people talk to Krugman they are always either trying to explain how the technology works or argue with him about libertarian goals. I wish someone capable would sit down with him and explain the ways in which blockchains enable general new modes of interaction among parties and how that could expand the realm of economics. Cryptography gave us a way to represent identity and now blockchains built on top of them give us a way to achieve a consensus of shared state. It’s a fundamental building block that isn’t just about money or even things like money. Krugman is a smart guy who is just (as much of the world is) seeing the worst applications of the technology first: ponzi schemes and nonsense.

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  3. tldr; Nobel Prize-winning economist Paul Krugman has warned about the possibility of a perennial winter for blockchain projects, including crypto. He compared it to the Fimbulwinter, a winter that precedes the end of the world according to nordic mythology. Krugman also criticized Bitcoin’s raison d’être, stating that “banks rarely steal their customers’ assets”

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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