Nobel Prize-winning economist Paul Krugman thinks crypto could be headed for an “endless winter” as most digital assets fail to prove they have real-life value.
In a new opinion kūrinys for the New York Times, Krugman says he’s never seen the point of blockchain technology and predicts that the most recent market-wide plunge could be the beginning of the end for the industry.
“We are, many people say, going through a ‘crypto winter.’ But that may understate the case. This is looking more and more like Fimbulwinter, the endless winter that, in Norse mythology, precedes the end of the world – in this case the crypto world, not just cryptocurrencies but the whole idea of organizing economic life around the famous ‘blockchain.’”
Krugman, a longtime crypto skeptikas, has expressed criticisms of the space long before the current bear market kicked off. The economist argues that blockchains haven’t proven that they actually have any utility, noting that many companies are reluctant to embrace the nascent technology.
“Five years ago, it was supposed to be a big deal – a sign of mainstream acceptance – when Australia’s stock exchange announced that it was planning to use a blockchain platform to clear and settle trades.
Two weeks ago, it quietly canceled the plan, writing off $168 million in losses. Maersk, the shipping giant, has also announced that it is winding down its efforts to use a blockchain to manage supply chains.
A recent blog by Tim Bray, who used to work for Amazon Web Services, tells us why Amazon chose not to implement a blockchain of its own: It couldn’t get a straight answer to the question, ‘What useful thing does it do?’”
Nepraleisk ritmo - Prenumeruok kad kriptografiniai el. pašto įspėjimai būtų pristatyti tiesiai į jūsų gautuosius
Tikrinti Kaina veiksmų
Sekite mus Twitter, Facebook ir Telegram
Surf „Daily Hodl Mix“
Atsisakymas: „The Daily Hodl“ išsakytos nuomonės nėra patarimas dėl investavimo. Investuotojai turėtų atlikti deramą patikrinimą prieš imdamiesi bet kokių didelės rizikos investicijų į „Bitcoin“, kriptovaliutą ar skaitmeninį turtą. Informuojame, kad už savo pervedimus ir sandorius esate atsakingi patys, o už visus nuostolius, kuriuos galite patirti, esate atsakingas jūs. „Daily Hodl“ nerekomenduoja pirkti ar parduoti jokios kriptovaliutos ar skaitmeninio turto, taip pat „The Daily Hodl“ nėra patarėjas dėl investavimo. Atkreipkite dėmesį, kad „The Daily Hodl“ dalyvauja filialų rinkodaroje.
Paveikslėlis: Shutterstock / Philipp Tur
Source: https://dailyhodl.com/2022/12/03/crypto-lacks-utility-and-could-be-entering-an-endless-winter-says-nobel-prize-winning-economist-paul-krugman/