Nobel Prize-Winning Economist Paul Krugman Says Crypto Era May Be Ending

that the cryptocurrency era might be nearing its end based on the fact that his most recent anti-blockchain piece attracted very little crypto bro outrage. published on Dec. 1, Krugman argues that the term “crypto winter,” which is widely used by the media to describe the ongoing crisis, might be an understatement.

Further in the article, Krugman claims that blockchain, the technology that underpins Bitcoin, has proven to be basically useless. Distracted by the headline-grabbing FTX drama, many people failed to notice that many institutions started ditching blockchain after attempting to use it for solving real-life problems. The economist has recalled that Daish shipping giant Maersk recently abandoned its enterprise blockchain project that was supposed to improve global trade.

paulkrugman Ya lo advirtieron en GOT llega el invierno, el largo invierno (Fimbulwinter) para las criptomonedas... y ahora lo afirma también Krugman

paulkrugman Didn´t he predicted that nobody was going to use the internet or something like that? Please somebody found that piece!

paulkrugman oh ok ...so its all going to zero .... i get it

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

There’s still time to try cleveland.com’s Pro Picks Challenge and make free Week 13 NFL picks against the spreadParticipants can compete for prize money each week, and a season-ending prize as well.
Source: clevelanddotcom - 🏆 301. / 63 Read more »

By sharing World Cup prize money with USWNT, USMNT does what FIFA will not | OpinionUnder landmark CBA, the USWNT will receive more money from the USMNT reaching knockout rounds than it did for its last two World Cup titles combined. My favorite 💋
Source: usatodaysports - 🏆 454. / 53 Read more »

UK royals traveling to Boston with eye on environment prizeThe first overseas trip by the Prince and Princess of Wales since the death of Queen Elizabeth II begins Wednesday, an occasion to show the world as much about who they are not as who they are.
Source: wjxt4 - 🏆 246. / 63 Read more »

Graeme Drendel wins Australia’s richest portrait prize after ironic twist in finalists revealedIn an ironic twist, Lewis Miller’s own portrait of Mr Drendel was also selected as one of the 30 finalists for the prize.
Source: nypost - 🏆 91. / 67 Read more »

UK royals travel to Boston with eye on environment prizeThe Prince and Princess of Wales are making their first overseas trip since the death of Queen Elizabeth II in September
Source: WOKVNews - 🏆 247. / 63 Read more »

The Prince and Princess of Wales arrive in Boston for Earthshot PrizeKate paid subtle tribute to Princess Diana with her choice of earrings.
Source: RedMagDaily - 🏆 312. / 61 Read more »