from Hacker News

Bitcoin is the 'mother of all scams' and blockchain is most hyped tech ever

by eruditely on 10/16/18, 5:49 AM with 1 comments

• by andirk on 10/16/18, 10:24 PM

  (Back story: This guy is famous for in "2005 Roubini said home prices were riding a speculative wave that would soon sink the economy." Giving people loans they can't afford is obviously a bad idea.)

  He said "literally every human being I met between Thanksgiving and Christmas of 2017" asked him if they should buy cryptocurrency.

  Literally? Including babies and people who don't know you?

  And that it's a bust "like you have not seen in any history of financial bubbles."

  An asset going from $1,000 to $6,000 in year has never been seen?

  And that "blockchain is the most over-hyped — and least useful — technology in human history".

  Huh?

  And blockchain "is nothing better than a glorified spreadsheet or database".

  OK, kind of, but now I know he clearly has no idea how a trustless, decentralized network works.