Cryptologist with interest watched the verbal fight acne Buterin and known cryptonatica Nouriel Roubini. Their meeting was held during the forum Deconomy in Seoul. This is not the first time they “rise to the ring”. However, many viewers called this debate the most exciting. The parties were able to thoroughly discuss the issues of centralization, scalability, and centrosoyus cryptocurrency.
The Creator of Ethereum , spoke about the utilitarian component of cryptocurrencies, their resistance to censorship and potentialas opportunities to make life easier for people who have no access to banking services. However, the economist rejected these arguments, calling the privacy and centrosoyus nothing more than a joke. Roubini believes this is a myth, because any phenomenon — including cryptocurrencies — will be sustainable and sensitive as much as they allow it, the government.
Governments have no incentive to accept and endorse the cryptocurrency, as they are increasingly involved in crimes: tax evasion, trafficking, financing of terrorism. On the contrary, they will be at any price to fight with anonymous money.
In turn Buterin noted that the anonymity and finances are not mutually exclusive phenomena. In his opinion, anonymous money and money that meets the requirements of transparency, can coexist.
In their discussion they also touched upon the issue of scalability and decentralization. The economist argued the failure of Bitcoin and Ethereum slowness of algorithm consensus. In addition, he focused attention on the degree of centralization in the mining industry and the development community as a whole.
Buterin not confused and told about key decisions, including sharding Ethereum, which will improve the effectiveness of gcd and miners. While we are constantly working on improving massturbate and decentralization. In conclusion, acne Buterin noted the following.
I don’t advocate that BTC or ETH steel unit for all over the world. You can look at to MakerDAO — project has potential. However, the value and purpose of the majority of cryptocurrencies are not connected with the replacement of the Fiat in the near future.
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