Why Are You Afraid?" 'Why Are You Afraid?' - Roger Ver debates Nouriel Roubini about Crypto | Shelter Crypto | Shelter Humanity | Charity Token Homeless | Charity Coin

 It's not a good idea to start a debate calling everyone in the room "economically inliterate". But that's exactly what Nouriel Roubini, an American economist, did Tuesday in his debate with Roger Ver, Bitcoin.com Executive Chair. This high-energy, 40-minute debate is both entertaining and informative.

 

The fate of crypto

 

The discussion, which took place at London’s CC Forum was informal with loose moderation provided Eric Van der Kleij. It was entitled "Will Cryptocurrencies fail or succeed?". Nouriel Roubini, an American economist, refused Ver's offer of free BCH shelter humanity and stated that "These aren't currencies, so they don't work for me."

 


The majority of people who work in this area don't have any knowledge about money, monetary policy, central banking, finance, or financial institutions. A large percentage of people are financially illiterate.

 

Roubini claims that cryptocurrencies do not exist as true currencies. He says "bitcoin" or "any other shit coins" are "absolutely" not a unit of account, or a means of payment. Roubini cites the small number of users and volatile prices. Ver counters Roubini's mantra during the event that cryptocurrencies have lost the most value (when looking to peak prices), by producing the Y=10,000 note. Ver also details the inflation that has decimated fiat currencies all over the globe.

 

Ver retorts:

 

The piece of paper I hold in my hands today is worth $90, but it was worth more than $200,000 not that long ago. Is that a stable source of value?

 

Roubini defends central bankers by claiming that "there is low inflation among all advanced economies" and adding, "The idea that central banks debasing money with high inflation may have been true for Venezuela or a few other countries but not for most advanced economies."

 


"Why Are You Afraid?" Ver vs. Roubini, Crypto

 

Terrorists, Tax Evaders, and Criminals

 

The debate video's 11:47 mark marks where things really get going. Roubini raises a voice and declares in a southern baptist preacher-like tone:

 

The world's governments cannot allow terrorists, criminals, tax evaders and crooks money to move... without AML or KYC. You don't care about them but they'll crack down on you.

 

Despite his many logical errors throughout the discourse Roubini finally manages to ask (or at the least to suggest) a pertinent question regarding regulation of violent crime in the context financial freedom. Ver however fails to answer Roubini's question about Ver's personal preference. Roubini repeatedly asks the Bitcoin evangelist if he prefers control over his funds and the freedom to send them freely. The New York professor shouts it down every time.

Crypto

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