Roubini vs. Buterin: Who Wins the Crypto Debate?
Main page Analytics, Cryptocurrency, Vitalik Buterin
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Oct. 23, 2018
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Nouriel Roubini doesn’t get tired of attacking the crypto industry. Almost no day passes without his tough comments on this topic. Today is no exception.

This time Roubini, known under the nickname Dr.Doom, which he received for his gloomy predictions, cited as an example the schedule attracted by ICO funds to prove that “ICO bubble has gone totally bust.”

This is not the first time Roubini attacks the ICO. Earlier, an economist prepared a 37-page letter for the U.S. Congress with his opinion on cryptocurrencies. In the paper, he emotionally criticized the phenomenon of digital assets. In one section, Roubini argued that, instead of representing the future of crowdfunding, ICOs are in fact a return to the Stone Age.

Vitalik Buterin, who has so far received the most criticism from the economist, has already managed to enter into an active controversy with Dr.Doom. Back in June, Roubini criticized smart contracts on the Ethereum platform, saying that they are highly susceptible to various bugs. And this is just one of the attacks of the scientist.

Buterin did not remain in debt and sarcastically spoke about what actually Roubini is famous for. During the correspondence on Twitter, the founder of Ethereum questioned the quality of the predictions of the professor. One time, on the eve of the collapse in prices for U.S. real estate in 2008, the economist predicted this development. However, Buterin devalued this achievement by stating that he can also say that in the coming years, until 2021, another crisis will occur. And this will happen with a 25% probability. Then Buterin will take the title of the best economic forecaster in the world from Roubini.

Nouriel Roubini also accused Vitalik and the head of ConsenSys startup Joe Lubin of stealing 75% of the ETH offer during the “pre-mining sale/scam”, which supposedly instantly made them billionaires. This statement also did not remain without a response. The creator of Ethereum, in response, said that he never possessed more than 0.9% of the cryptocurrency supply volume, and the number of its assets did not approach the $1 billion mark.

It is already rumored that the skirmishes of two people will soon be transferred from an online space to offline.

The parties have already agreed in principle to participate in the debate, but are looking for a suitable moderator and a platform for a meeting. Probably all the crypto community is waiting for this fight. The event promises to be fascinating, but on whose side is the truth? Here the opinion of experts is also shared.

Many experts note that Roubini does not give anything fundamentally new from the arguments about the insolvency of cryptocurrency. Crypto skeptics like to operate on the same arguments, regularly “burying” digital money. However, some former crypto skeptics have already changed their minds. So, in particular, it happened to the Nobel laureate in economics Paul Krugman, who after several years of critical attacks on cryptocurrencies, found the courage to admit that such negativity was in fact connected to the fact that he did not understand what he was talking about. Meanwhile, there were those who criticized Buterin, for example, the head of Stealth Bitcoin, Paul Everton, said that signs of the illegal issue of securities could potentially be found in Ethereum's work.

Students Try to "Shut Up” Nouriel Roubini

However, experts note that Buterin and Roubini initially spoke different languages ​​and look at the situation from different perspectives. Roubini is an economist who is interested in the situation of the cryptocurrency market. The scholar notices bubbles and overheated interest in assets. And sharply expresses concern about this state of affairs.

But Buterin is a programmer who sees before himself a certain pool of tasks. He is developing a technology that will potentially change not only the sphere of finance but also radically change the way that individuals and whole institutions interact. Although, so far this technology has its imperfect moments.

In any case, we are really looking forward to the debate, regardless of who wins, it will be hot. Who are you rooting for?

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