Economist Nouriel Roubini, a professor at New York University, said in an interview that the true revolution in financial services is PinTech, but the money is not related to PinTech.
He is an economist famous for predicting the 2008 financial crisis. In his interview, he revealed a negative attitude toward the field of cryptographic blockbusters. “The entire cryptographic industry is made up of assets that are neither money nor currency,” he said. Cryptography emphasizes that there is no reliable, scalable payment method for value storage.
In addition, as an example of a flaw in cryptography, millions of investors who know nothing about financials and portfolios enter the blueprints in the second half of 2017, did.
He said that cryptography is a bubble that shapes exponentially parabolically and that there is no real fundamental value to support it as an asset. “We need to pull off the block chain from the list of key technologies that will lead to manufacturing and pin-tech innovations such as artificial intelligence, machine learning, big data, and the Internet of things,” he stressed. He said that the block chain was just an accelerated spread sheet at the beginning of last year, and he said it was the most overtrapped technology ever. For more information, please click here .