Shit-Show: Nouriel Roubini States We’re Cyber-Terrorists!
Did the headline get your attention? Did you think it was clickbait?
Well, it isn’t!
Nouriel Roubini, a pretty respected economist and the one people know as Dr. Doom thanks to his prediction of 2008’s crisis (my dad predicted it too and got no reward) has solid opinions on all of us!
He sprinkles in some very interesting ideas about the cryptocurrency world, FIAT being obsolete, Bitcoin and us being Cyber-Terrorists.
On the other hand, he does refer to us sometimes as Crypto-Crazies… and I guess that one holds true, at least I know I’m crazy over crypto.
Heck I prefer crypto to FIAT if I dont have to pay rent immediately.
Are you intrigued to what such a respected economist has to say? Well, come on, it’s fun…
…when were economists not fun?
From Lambo to Kid Car: Dr. Doom Laughs At Us...
But guess who'll have the last laugh...
This respected economist is acting up on his Twitter as if he was that really annoying co-worker you have that is always saying you are an idiot for thinking Crypto is a real thing and not just some virtual ponzi.
He has been jumping in joy with the state of the markets, and cracking up jokes.
We'll see who has the last laugh.
But wait... there's more!
He even does some Technical Analysis like our favorite Spam whale:
So, not only is he having the time of his life, but he is also very hateful in his tweets.
There are no good folks who like Crypto, according to him the few few that exist are new generation "bagholders".
Now, I could go on and on about more information on what he actually thinks, but how about I show you a couple more fun tweets?
Finally, I'll end this section by showing you just how angry this man is...
He even goes as far as spending his days retweeting any figure of perceived authority who voices his own distaste, the latest example being Agustin Carstens.
And, let us not forget, that for him and his economist friends, this is just a Ponzi scheme 4.0.
Now, I could easilly make a joke about that man's appearance, but that would be an ad-hominem argument, and therefore I decline to use it since that is a weapon best wielded by "Dr. Doom" himself.
Are We a BagHolder? Should We Drop Crypto and Join Buttcoin?
Absolutely not.
I was one of the few that was stating Bitcoin would crash to 5k when it was at 20K... does that make me Dr.Doomlittle?
On the other hand, I dare say that my vision is much more complete than that of Nouriel Roubini who spent his whole life surrounded by SHARKS.
Heck, he is a SHARK himself - and you can add that term to your glossary of what us Crypto Terrorists use to describe FIAT Barons.
On the other hand, consider all of his views and add a Crypto like Steem!
The STEEM Blockchain is Different: And So Are We!
Now, the Steem blockchain is different.
Consider all of his views of how crypto is a Ponzi scheme and just a massive scam used to wash money, and then look at a complex working blockchain like STEEM where thousands of users produce and reward quality content - and the rare exception of a Sper...I mean Spam-Whale.
Having this in mind, you can see that his views, while appliable to much of the Vaporware in ICOs and projects like Bitconnect, aren't a fit here!
He simply doesn't know better...
...and let me know why he doesn't know better.
As I stated, he is surrounded by SHARKS and is a SHARK himself, therefore he is looking through a HUGE goggle of scarcity and trying to see the GET RICH opportunities.
Do you see him as someone who is searching for blockchain and crypto projects as a way to contribute to society or to contribute to his own wallet?
Well, when your interests are more on the bankster side... you only see crypto and projects ran by those with a scarcity mindset - tricksters, banksters in disguise trying to pump and dump an ICO and all of that.
We are different. I don't have many followers, but I do know that those who follow me know of the potential this blockchain and future blockchains, cryptos and projects will have.
And that is something Dr. Doom will never understand.
All Images Retrieved from his public and official Twitter.
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Excellent post, Roubini is a total Fudster. I respect the guy intellectually but he is so offended that most of his theory does not apply to BTC and cryptos. Imagine to gain so much respect, and then getting a whole new paradigm, one that for now is too soon to get a post-doctorate.
He is right in something; Dinos are going on the way to extinction, this time Dinos are old school Kynesian economists though ;)
I absolutely agree.
The guy has a severe case of "butthurt" and is ignorant of blockchain technology.
Heck he recently wrote an article on blockchain only having one application - cryptos.
What kind of respected person and article state this kind of utter nonsense? It bullshit! Fake...
Heck, we'll see who comes out laughing in the end.
"as savvy techs now realise"
He's just talking about himself and stroking his own ego.
It's easy to be positive in a bull market and it's it's easy to be negative in a bear market. The real point isn't if it goes up or down it's why, and these people think they're being validated now because that's what they're looking for. They're not looking to make sure it's going down for the same reason they think it's going down, they're too busy slapping themselves on the back. But if the price goes up or down and it's not doing it for the reason you thought, then you aren't actually right if you said it was going to. It's like if a gambler says they have some magic system and just happens to be be right one time, they aren't actually right, and sooner or later reality will diverge from their delusion and cost them.
You notice the biggest negative voices all said it was due a correction and here we are correcting. They said it could go to $50,000 - $200,000 so even right now by their own measure this is just a correction to something much higher.
Also consider that they've compared it to the dot.com bubble as well as tulips which aren't comparable at all. The dot com crash recovered higher than before, tulips (if it happened at all) didn't. It can't be both but the fact that they use both reveals their irrational emotion-based reasoning.
Well! This comment is worth another post in its own... to the top you go!
This is very true . A shark like him obvioisly cant see past all that wall street and the likes throw at them everyday so I guess he can't be blamed, simply because he does not know. A friend of mine always says that cryptocurrency is not for the faint of heart and I believe him. If the price of sbd can rise from $2 to over $13 in less than a month, then this is nothing. Besides steemit provides a wonderful community where we all can learn and grow in the crypto world together. Lets see who has the last laugh!
Yeap.
They are two different realities... and he is so blinded by his own that he can't take a step back and appreciate the change.
You are right, perspective is the key. He probably thinks having ideals for yourself ánd the community ánd society is just silly dreaming. I think it is silly to think that crypto currency is only a bad thing. A lot of good things are happening right now, even if crypto totally fails these good things have happened. For example a new way of thinking about currency and more knowledge for more common people. Even if it fails we can analyse what went wrong and maybe include solutions in our new dreams of freedom.
I don't believe it will fail however. My silly thinking sees solution for things that have been problems for years. Problems created by scarcity. Problems the stockmarket people didn't find solutions for, maybe even didn't see because they live in their own bubble.
Maybe you can make a reward card for your father one day.
Yes,
We can't forget that it was this world of scarcity and banksters that made the guy rich and famous... and having your own life's system attacked probably feels bad so I can relate.
But it's a shame.
All these credentialed folks love to bag in crypto, it's just too easy to do. Most people I know are more measured in admitting there will be some value but they don't know what that value should be. Well. Join the club. Or wait for it to stabilize in a few years and then use it. I'm not sure that the major pumps are done also.
One thing he (or someone else) mentions is wash trading to move the price. I wonder how much that happens, and if it can be detected or not. And also it's not certain it would work if there are enough other players in the market.
I'm also curious about the wash trading part... I think he is right on that one, bitcoin should have stabilized around 5k a long time ago.
Wow this guy is full of himself to be talking in this manner. Its in hopes that it changes the mind of many others, to bring it down publicly (i think). But all he is doing is embarrassing himself. Making a fool of himself. If there is something wrong then there are ways to act upon it to make it right. This is just a child complaining about something he just cant have.
Yeah, he probably wanted bitcoin when it was under 3k and didnt get it :P
I want to give Dr. Doom a huge upvote for his dinosaur drawing.
Think how much imagination that took.
Compared to the phucking simple triangles that are favorite spamming whale uses.
That dinosaur drawing is worth $1 million, if the spammy whale is making $3000 a day with 10 crap triangle posts.
Better than the drawings Hay-Gin does for sure! Hahaha
The man is an ass. I compared him to Jamie Dimon earlier, another ass. Thank you for pointing out just how big an ass he really is.
My $16 worth of BTC is again about what I paid. It was about $38. It will be even more, I'm sure. I just wish I'd had money to buy the other day when BTC was $6k.
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Hello Cw!
Already went to that post to give it a look and a vote!
Thank you very much for the mention, and Im glad you liked the post.
Cheers!
Surely if someone has previously DDOS-ed your website you would hire someone to configure it so it was no longer susceptible?
Interesting post anyhow, whether the other crypto-currencies are ponzi scemes or not, Steemit feels different. It could just about survive as a traditional Social Media site, without the addition of Steem, etc, which just basically brings us that added benefit, on top of the rest.
Yeap... I mean if he only looks at those Facebook scams like "Anonymous hacked Bitcoin, here are 2 coins" its easy to think ill of crypto.
I can understand that people like him see tons of scams and little value in crypto. He is probably very active on Facebook and over there all public crypto groups are loaded with stuff like “earn 0.1 Bitcoin every day” schemes. There is so much of that there that it becomes impossible to pick up on the few valuable posts. I bet he never heard of Steem before or of some awesome other projects that will change the world. If you just see this and tons of ICO scams and shitcoins and exchange hacks than there is just no way you can trust this scene.
The good projects will thrive and proof the true value of the blockchain.
True, True, the images he shares are all about free bitcoin stuff and "bitcoin miner" phone apps and stuff like that.
Its like @barbarseevelien says... perspective changes everything.
Thanks for the comment Flo.