'Dr Doom' Nouriel Roubini Admits Bitcoin May Be a Store of ...
'Dr Doom' Nouriel Roubini Admits Bitcoin May Be a Store of ...
Who is Nouriel Roubini? Coinspeaker
US economist Nouriel Roubini explains why Bitcoin isn't a ...
Nouriel Roubini Finally Sees Value In Bitcoin
Nouriel Roubini acknowledges Bitcoin as a 'partial' store ...
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Roubini: "Bitcoin is a shitcoin." A remark on the store of ...
Binance CEO V/S Bitcoin Critic – Nouriel Roubini Calls CZ ‘Jerk’ and Here’s How CZ Responds! "A guy who builds what he believes in? Or A guy who goes to crypto conferences just to call bitcoin a scam?"
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“Bitcoin enables certain uses that are very unique. I think it offers possibilities that no other currency allows. For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself.” – Pieter Wui (66 points, 14 comments)
Tether is widely known as a controversial stablecoin due to its drawbacks and limitations. Below are some reasons that Tether is one of the most speculative cryptocurrencies.
Reddit is one of the most popular cryptocurrency discussion forum. On this website, when users wanted to gain opinion regarding the previous experience of any user, for the conversion of the Tether coins into the actual US dollars. A deafening silence was looming over the post, which certain pointed to the opacity of the cryptocurrency coin.
Many cryptocurrency experts speculate that Tether is a fraud, as it is not considered as a legal tender. This has indirectly rendered the Crypto enthusiast to point at the legal status and transparency of the Blockchain project.
According to most of cybersecurity experts and the cryptocurrency critics, the USDT or the Tether coin manipulates the prices of Bitcoin. It is assumed that Tethers are only minted during the Bitcoin price fall, in order to stabilize the cryptocurrency market and is not backed completely by millions of Fiat Reserves. Even the most popular economist, Nouriel Roubini believes the same.
The company backing Tether, Tether Limited, claims to secure the stability of the Tether coins, through the actual USD reserves, but not even a single auditing firm has confirmed the same, recently. Even the supply of the tokens keeps on increasing on a regular basis. Therefore, speculations are always on the higher side of the spectrum, when it comes to the legitimacy of the Tether coin.
According to the company’s website, officially, no guarantee is provided for the redemption or any kind of losses that the users incur. Indirectly, the user is the only responsible person, for all of these actions with respect to the Tether coin.
Also, according to the company’s terms of services, the Tether tokens redemption can be rejected without any mention of exclusive reason. This is a major issue with respect to the open legal documents, as they do not care to mention the circumstances in which they would do so.
There are also a number of instances which point towards the fraudulent nature of Tether coins. As in January 2018, the Tether coin Blockchain platform withdrew its collaboration with a third party auditing firm from Taiwan.
It’s worth noting that the crypto exchanges generate revenues from the interest, from the lent Tether coins. This is highly ridiculous, as Tether Limited, do not provide a guaranteed for the redemption of Tether coins with the actual Fiat currency.
The Tether coin Blockchain platform is also estimated to switch many auditing firms of different countries.
The exchange Bitfinex is constantly speculated to be a part of the Tether coin fraud, as many pre-eminent figures from Bitfinex had represented Tether during its initiation. Due to its connections with Bitfinex, it is even rumored that Tether coins are used for margin lending on Bitfinex, in an illegal manner.
The Benefits Of The Tether Coin Tether has been incorporated in some crypto exchanges like Binance, Bitfinex, Poloniex, etc as incorporating USD would require many legal procedures to be followed by the exchanges. Therefore, Tether effectively eliminates the legal intervention of the government and provide higher transaction speeds when compared to that of the Fiat currency. Therefore, it is also used as an alternative to the US dollars.
Bitcoin price when compared to last year has eroded substantially this year till date. And, the plunge hasn’t stopped yet. The fall in the prices of the digital currencies is primarily due to the two reasons. Bitcoin price was trading at $9,761.91 up 2.58 percent on Coindesk today at the time of reporting.The highest it reached today was 9,804.55. Despite these slight gains, there is still a long way to go before the virtual currency matches the highs set by it last year. Here are the three reasons behind Bitcoin price fall. Last week three negative news related with cryptocurrencies triggered their plunge.The first was related with Nobuaki Kobayashi, the Mt. Gox. Trustee, that he sold $400 million of Bitcoin and Bitcoin cash in the January and February this year. He still owns $1.7 billion worth of Bitcoins and this is adding further fears in the market. Then there was a rumour in the market that popular crypto exchange Binance has been hacked in an attempt to influence Viacoin’s price. Securities Exchange Commission (SEC) issued a statement last week that cryptocurrency platforms should not be called by the name of exchanges since it creates an illusion of regulated activity. Investors are misguided in believing various online trading platforms to be SEC-registered and regulated marketplaces when they are not, SEC said. Even the Financial Services Agency (FSA) came out with a statement that domestic cryptocurrency exchanges will be suspended. All these factors lead to nearly 11 percent plunge in Bitcoin price. Last month, Nouriel Roubini, the famous economist who successfully predicted the US housing crash in 2008, said that Bitcoin is mother of all bubbles and it’s also the biggest bubble in human history if you compare it to Mississippi bubble, tech bubble, and Tulip mania.
Nouriel Roubini Bashes Bitcoin… Again . According to the popular American economist and well-known nocoiner Nouriel Roubini, also commonly referred to as “Dr. Doom” by the crypto community, billions are lost every day to “scams and crypto robberies.” He asserted that there is “zero security” in the cryptocurrency fields while claiming that there’s 100% security in legacy ... Economist Nouriel Roubini, also known as "Dr. Doom," has admitted that bitcoin may be a store of value. Roubini sees a "big revolution" coming in the next three years due to central banks ... The Day Has Come I have watched numerous debates between the Crypto community and Dr. Doom, as he is affectionately known and I must admit that I have never seen a person more apposed to Crypto. What often comes across is an absolute hatred and perha... Popular United States economist and chairman of Roubini Macro Associates, Nouriel Roubini, has again reiterated his criticizing stance on Bitcoin, saying that In what is a surprising development, Professor Nouriel Roubini, dubbed ‘Dr. Doom’ by many in the crypto-community because of his skeptical remarks about Bitcoin and cryptocurrencies, seems to have softened his stance on Bitcoin. During a recent interview, Roubini said that Bitcoin can be considered a partial store of value because it cannot easily be […] — Nouriel Roubini (@Nouriel) March 9, 2020. As can be read, Roubini attacks BTC because its price has dropped 8% in the last few days, more than equity, showing – according to the economist – that bitcoin is not a good store of value but only a shitcoin. Bitcoin Guides; Ethereum Guides; XRP Guides; Blockchain Guides; Token Sales Guides; FinTech; Tech; Glossary; Tools. Coins. Bitcoin (BTC) Ethereum (ETH) XRP (XRP) Tether (TUSD) EOS (EOS) Binance ...
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