Nouriel Roubini, one of the most notorious cryptocurrency critics, has stated that blockchain is “no better than an Excel spreadsheet.”
He makes the point. Why is central banking better? Because it is not a spread sheet function? That is why bitcoin is at least better than central banking, it is a spreadsheet function.
I would like Noubini to enlighten us on who gets favored when currency bankers are not spread sheet functions? Who is his audience, specifically, and why do they want discretionary central banking?
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