Senate Banking Committee Holds Hearing on Crypto – Oct. 11, 2018

47 Comments

1. Dr Roubini is a smart guy but stupid as hell when it comes to crypto

2. Is Roubini just being intellectually dishonest or what.

3. What a bunch of hyprociets or to be fair, not eduacated enough. Dr. van Valkenburg for president The only one with something honest to say.

4. Roubini added no value to the discussion; his only aim was to advertise Fintech and the old order and to ride the dead drug dealer, criminal and money laundering horse

5. Never saw a better comedian than Roubini. Even George Carlin would be jealous.

6. That dude looks like one of the goblin bankers in Harry Potter.

7. Peter Van Valkenburgh is The Man!

8. So, AliPay is bad because the Chinese government can track all payments, that is why we need Bitcoin; whereas crime is not a problem for Bitcoin because the FBI can track all payments.

   Valkenburg has shamelessly lied about the "oligopoly". It has been known since Satoshi that an entity with 51% of the mning power can PERMANENTLY break the system by PERMANENTLY reversing long-confirmed transactions.

   Valkenburg has also shalessly lied when he presented the LN as a solution to scaling problem. The LN DOES NOT WORK: most payment attempts will fail, and no one knows how to fix that problem.

   And there should be a law: five years in jail, minimum, for any idiot who compares bitcoin to "the early internet".

9. He’s the one living on flinstone’s Stone Age…

10. How to Die: take a drink every time an old white guy in a suit says the word "cryptocurrency".

11. If Crypto has no value why can I purchased silver and gold online with it? Funny that everything they said bad about Blockchain sounds like banks/insurance/health care system.

12. I don’t know ? what’s the right words to describe this professor.

13. Dr. Doom lived up to his name.

14. what a pleb, nocoiner cope

15. Sorry Roubini there is no such thing as a private trusted entity.

16. 10:50 She had to leave immediately to sell all her crypto

17. Mr. Crap-O

18. Wow, Dr. Roubini knows less about Crypto Currency than myself. I can only guess that he has some sort of underlying agenda?? Most of his statements are not true, but furthermore, his ridiculously negative focus makes me curious.

19. The conceptof BLOCKCHAIN IS TO GET A LEDGER ON THE INTERNET, Not to make it PRIVAT ha ha … we return to 1960… And Mining are done also in USA and Canada. + 2 Transaction x sec ??? LOL some Crypto can do Thousand of transaction x sec

20. a bunch of old fool that can,t see technology

21. what was von Hollen doing there? no crypto question and essentially only praising Roubini. kidding me?

22. "Transaction fees … have gone through the roof" Real life example: DeepOnion went from .001 ONION per transaction to .0001 ONION per transaction

23. In the days of the Flintstones there were no computers or they might have used crypto.

24. peter van is very bright, UNLIKE THIS ROUBINI SPASTIC

25. Roubini totally destroyed the pro-bitcoin argument

26. you dont like bitcoin, then you will hate MONERO!!!!!!!! HAHAHAHA

27. ROUBINI CANT EVEN SPEAK PROPER ENGLISH, WHAT A TURD

28. the banking system will be obliterated by bitcoin

29. crypto with LN until end of 2019 will GANG RAPE the banking system to death. HAHAHAHA

30. Screw the banks govs and corporations, that's his only argument is they wont use crypto. Well crypto is for the people not for intermediaries like govs banks or Corporations, crypto is for the people, the people dont need your bullshit anylonger

31. Roubini spreads a lot of false information and runs with it then he throws more dirt based on his wrong Points. Feels like he might be a paid banking shill.

32. Yale, MIT, and other universities offer crypto courses, invest in blockchain projects/funds, a whole bunch of big investors in an increasing number do this. Why is Roubini seeing things so different from a lot of smart people. Blockchain is just an Excel sheet?

33. Roubini is disgustingly closed minded and obviously on the take from the old paradigm he sounds utterly ignorant for such an educated man and the way he parades his disdain for the crypto economy, will only serve to draw in new users wondering why is it that this man is so opposed. BTC is freedom and a warning to the govts of the world to stop printing our wealth out of existence.

34. Roubini is pure fraud.

35. Were these guys in the audience all drugged or totally ignorant on the subject as well as our mob friend Roubini? Being polite is one thing but this display of egregious dishonesty was insulting and disgraceful. Why didn't the chamber erupt into spontaneous laughter and derision when Roubini made his opening remarks about crypto' being, "The mother or father of all scams and a bubble that just burst down to zero"? At the time of writing, Bitcoin is still up 46,125% according to Coinbase and I don't think that's the entire history! How high does it need to go to be considered a bull market? He should have been ushered out of the room in a straight jacket and the hearing adjourned until someone sane like Peter Schiff could be found to replace him and at least give his honest opinion even if he's still biased as a gold dealer. If Roubini is such an expert on the boom and bust cycles of the global economy, why is he a professor of economics and not a fund manager or retired Trillionaire? He probably doesn't realize what every school child knows, that compound interest is OBVIOUS FRAUD, (paying interest on interest and not just capital which is what you're actually agreeing to borrow, in other words, you can't borrow interest!). He probably thinks that this criminal system didn't get us into this mess and doesn't even understand the exponential function. You cannot charge compound or any form of interest on debt without inflating money supply – and thus prices via devaluation or dilution of value – exponentially, forever. This isn't rocket science.

36. Dracula sounds like a very bitter, paranoid old man. I heard fear in his voice and his demeanor was of a very angry man living in cognitive dissonance.

37. It's so funny to see the bankers mouth piece, squirm like the worm he is

38. Is it me or does he seem like he's upset or crying?

39. He's right about block-chains being glorified data-bases that are expensive and in-efficient.

    Nothing else.

    Proof-of-work mining as a mechanism to resist censorship by banks?

    Arguably the greatest public endeavor in financial innovation in recorded history.

40. Peter Van Valkenburgh nailed it. Calm, assertive, perfect. While the other clown is an angry old man.

41. It may be true that Chinese based businesses and citizens have majority of the bitcoin hashing power as of now, but this is not due to there being some kind of inherent line of Bitcoin code that allocates that hashing power to China.

    Mining is a worldwide computational competition, and China just so happens to be in the lead right now when it comes to hashing power.

    The key word is (competition). Other countries around the world could easily invest into mining infrastructure that will even out the playing field.

    Dr Nouriel Roubini speaks as if China will forever be monopolizing all of the bitcoin hashing power, but that's only going to be the case if other countries don't compete in this world wide computational Bitcoin mining competition.

42. Roubini is wrong so many times in this video. Fiat, gold and other currencies are use by criminals as any currency could. He is a paid shill for the banksters.

43. Roubini does not understand anything at all, to be honest.

44. Ugh, Roubini just repeats the same incorrect talking points over and over again, the guy clearly doesn't understand how Bitcoin works.

45. "No government, or corporation or bank is going to use a public, decentralized permission less system. None of them are going to use a decentralized system." Only it is our choice. WE the people.

46. Wow dr. Nouriel roubini is a complete idiot.. he has no idea what he’s talking about in reference to bitcoin.

47. Roubini body language. Old guard getting replaced right before our eyes.