UC-Berkeley’s Nicholas Weaver has been studying cryptocurrency for years. He thinks it’s a terrible idea that will end in disaster.
UC-Berkeley’s Nicholas Weaver has been studying cryptocurrency for years. He thinks it’s a terrible idea that will end in disaster.
I always find it interesting that many of the harsh criticisms of cryptocurrency can be said of traditional currency and other assets. In the interview he even stated that the crypto world is speeding through the growing pains traditional markets had when they were not regulated.
But now traditional currencies are regulated and no longer suffer from those problems, but cryptocurrencies are going through the same problems causing quite a few problems.