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The Big Blockchain Lie

Nouriel Roubini

Project Syndicate

5 min

Opinion / Critique

15 October 2018

Original Content 

Now that cryptocurrencies such as Bitcoin have plummeted from last year's absurdly high valuations, the techno-utopian mystique of so-called distributed-ledger technologies should be next. The promise to cure the world's ills through "decentralization" was just a ruse to separate retail investors from their hard-earned real money.

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