Asian Blockchain Summit Debate: Informal Notes on Roubini/Hayes Talk Rather Illustrative

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Blockchain summit

A much-heralded debate between Nouriel Roubini and Arthur Hayes is becoming a more dramatic saga following the Asian Blockchain Summit Taipei conference that happened in late June.

We don’t have the full record of the debate, and that’s partly what’s causing the controversy.

“Dr. Doom” feels like he destroyed his opponent, and is frustrated that the full transcript is not out.



“RELEASE THE TAPE YOU COWARD!” Roubini screamed in all caps in a tweet last night. The rest of the message explains:

“Another @CryptoHayes scam: he didnt allow the blockchain conference to record our debate or beam it live. He controls the only recording of it and will only release heavily edited “highlights”. I destroyed @CryptoHayes in the debate and he is hiding.”

Roubini has a penchant for dramatic flair, calling crypto currencies “the mother and father of all bubbles” and taking the fight to the enthusiastic investor community with his predictions of doom and gloom.

Hayes, meanwhile, has been a vocal proponent of crypto, running the BitMex exchange and taking on detractors.

With the results behind a veil, what really came out of the event’s debate?

One Twitter respondent has an interesting take.

“Academics almost always win the debate (smarter and better equipped with data to back up every argument by training), but entrepreneurs almost always reap the economic benefits of their trade (bolder, willing to test the boundaries, grit).,” writes Alvin Maala. “I say it’s a draw.”

Others want to see the record.

For those who are interested, user Mike Dudas has set up his own notes of the event at Scribd. Some of it sounds kind of ugly, with a semantic emphasis on anal explorations.

When Roubini calls crypto investors “degenerate gamblers and suckers,” it doesn’t sound out of character, but it does sound hyperbolic. Degenerate?

Rampant expletives aside, Roubini argues that Bitcoin isn’t really decentralized, while Hayes cites the need for crypto as a privacy protector.

There’s a lot more to read – and if you’re a crypto investor who’s okay with graphic metaphors, this might be good reading.

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