CRYPTOCURRENCY HAS SET UP OUR FINANCIAL SYSTEM WITH THE HELP OF 300 YEARS : PAUL KRUGMAN

Nobel laureate Paul Carruman said that the relation between cryptocurrency has given two-fold explanation of the outline of his suspicion. Paul Carranium CryptocoRanki, despite its marginal technology, "has launched the financial system for 300 years

The New York TimesTitled "said in an article about the cost and effort of their own transaction:" Why I'm a Crypto skeptic ", Cryptocurrency Digital Voice is a voice critic, it shows the cost of portable transactions. According to Craigman, the basic nature of Bitcoin transactions, which provides a complete history of past transactions, goes against long-running tendencies which constantly move towards "frozen" transactions.

Set it against history, our sense of enthusiasm for cryptocurrency currency seems so strange, because it reverses in contrast to long-term trend. Instead of very good transactions instead of very often, we need to provide a complete history of transactions in the past to transfer a bitkay or other cryptocurrency units because we have high costs for doing business. Instead of making a click with a mouse click, it is a digital currency. We must have mined that money - made through resource-intensive count, "he said.

"In other words, if we want to understand, the enthusiasts of cryptocoanerners are effectively using cut-edge technology to celebrate the financial system of our society for 300 years."

On its second issue with Cryptocurrency - The absence of tethering - The reasoning argues that cryptocurrency is not a currency like a common currency. This is not an intrinsic value.

According to him, the value of cryptocurrence is only a bubble that people will once explode after losing faith in him.

Cryptoconvulsions (like feed currency) have no backstop, no reality. Their value depends entirely on buyer and sellers - which means there is a real possibility of total collapse. If the spotlight was a collective moment of suspicion, suddenly scared that bitcoin was unbearable, good cryptocurrency would have failed. "

He said a lot, he said, as well as keeping the "store value" of gold and silver as well as their real-time applications because it can be used for things like jewelry and filling teeth. According to him, tethering is the biggest weakness in cryptocrown's.

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MD MILAN MOLLAH

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