A debate between noted economist and crypto skeptic Nouriel Roubini (aka “Dr. Doom”) and BitMEX CEO Arthur Hayes made sparks fly in Taipei City Tuesday.
At the 2019 Asia Blockchain Summit, the debate centered around whether cryptocurrencies are a scam or the future. Roubini and Hayes, of course, had completely opposite views. “Shitty behavior” occurs in the cryptocurrency industry with scammers and criminals around, Roubini said. Bitcoin is “not secure, not decentralized and is not even scalable,” the economist added. Hayes counterpointed, saying that bitcoin’s $220 billion market capitalization represents “a huge bug bounty,” yet it has “never successfully been hacked.”