Showing posts with label Ethereum. Show all posts
Showing posts with label Ethereum. Show all posts

Monday, October 15, 2018

Vitalik Buterin predicted the next financial crisis

Vitalik Buterin predicted the next financial crisis

Vitalik Buterin predicted the next financial crisis


The Creator of the Ethereum cryptocurrency Vitalik Buterin wrote a message on October 10 on Twitter, in which he tried to predict when the next financial crisis will be:

It is evident that the report says that the next financial crisis will be in the period 2018-2021.


I want to clarify that this report was published two days ago, at a time when there were significant intraday declines in stock markets around the world. Many thought at first, including me, that Vitalik Buterin really expects a crisis. But then I realized it was a joke. More precisely, this is a response from Vitalik Buterin to the negative statements of the famous American economist Nouriel Roubini in his address and criticism of cryptocurrencies.

I want to remind you that yesterday there was a speech by Nouriel Rubini (American economist, who became very famous 10 years ago due to the fact that he allegedly predicted the global financial crisis) before the us Congress on the topic of "Cryptocurrency". The American economist said that cryptocurrencies are a colossal deception and one of the biggest "bubbles" of all time. He said that people are mistaken in the fact that cryptocurrencies are decentralized, explaining that behind them are oligopolistic structures. For example, he explained That the Ethereum cryptocurrency is completely dependent on Vitalik Buterin, calling him a "lifetime dictator". It is important to note that Nuriel Rubini has many times called Vitalik Buterin "dictator".

Therefore, in my opinion, the message of Vitalik Buterin is simply a response to criticism of him by Nouriel Roubini. In other words, the Creator of Ethereum just wants to show that, purely theoretically, everyone has a 25% chance to predict the next crisis, simply stating that in the next 4 years "a crisis will happen", and thus become popular. Most likely, this is exactly what happened with Nouriel Roubini.