SAN FRANCISCO, March 6 (Reuters) - Nouriel Roubini, the well-known economist, said today that the underlying Bitcoin bitchain is the most exaggerated history ever One of the technologies.
Because there is no central regulation, blockchain technology is also referred to as 'distributed ledger technology' and many large financial institutions are studying how to use the technology, advocates of the technology say blockchain can speed up the process, including Legal contracts, cross-border capital flows and big business background processes.
Rubinny did not think so, and Rubinny, who served as economic adviser to the U.S. government and is known as' Dr. Doge, 'said:' In fact, blockchain is one of the most tacit technical ever. Blockchain is less efficient than the current database. '
Rubini also said that blockchain technology can not cancel financial intermediaries as many have said, can not replace the systems banks are currently using, and can not become a new universal protocol, just as HTML has become the Internet's universal The same agreement.
Of course, Rubini also acknowledged that blockchain technology can work for specific application cases where there is a trade-off between speed and verification.
In fact, Roubini has been slowing down cryptocurrencies since he said on Twitter last month that Bitcoin will eventually collapse and the price will eventually drop to zero.