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9/1/18, 6:42 AM Dr. Doom On The Future Of Money At BlockShow Americas | The Fintech Times Page 1 of 18 https://thefintechtimes.com/dr-doom-blockshow-americas/ Home Latest News Dr. Doom On The Future Of Money At BlockShow Americas Blockchain News Cryptocurrency News Latest News Report Dr. Doom On The Future Of Money At BlockShow Americas by thefintechtimes September 1, 2018 SHARE SHARE Martine Paris (Reporter) Nouriel Roubini earned the title of Dr. Doom when he correctly predicted the 2008 global financial crisis and became the perennial bear. More recently he " # $ % & # $ ' % ( ) * 0 #$'%() Get news Get news

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Page 1: Dr. Doom On The Future Of Money At BlockShow Americas ...€¦ · Dr. Doom On The Future Of Money At BlockShow Americas | The Fintech Times 9/1/18, 6:42 AM ... Dr. Doom On The Future

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 1 of 18httpsthefintechtimescomdr-doom-blockshow-americas

Home Latest Newsang

Dr Doom On The Future Of Money At BlockShowAmericasang

Blockchain News Cryptocurrency News Latest News Report

Dr Doom On The FutureOf Money At BlockShowAmericasby thefintechtimes September 1 2018

SHARESHARE

Martine Paris (Reporter)

Nouriel Roubini earned the title of Dr Doom when he

correctly predicted the 2008 global financial crisis

and became the perennial bear More recently he

$

amp $ ( ) 0

$ ( )

Get newsGet news

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 2 of 18httpsthefintechtimescomdr-doom-blockshow-americas

made news cryptobrawling with VoIP pioneer Alex

Mashinsky at the Milken Institute on the future of

money He has a strong following with nearly half a

million Twitter followers but last week the NYU

Professor walked right into a den of HODLers as he

spoke skeptically about cryptocurrency and the

blockchain at Cointelegraphrsquos BlockShow Americas

Roubinirsquos CryptopocalypseRoubinirsquos Cryptopocalypse

Sounding the alarm bells Roubini warned the

audience ldquoBitcoin and cryptocurrencies are a bubble

that has already burst Between Thanksgiving and

Christmas last year people with zero financial literacy

began buying bitcoin and it ran it up from $5000 to

$20000 before crashing to todayrsquos value around

$6000 People that bought bitcoin at the peak lost

about 70 but fared better than the average

cryptocurrency including XRP and Litecoin that have

lost on average 92 of their valuerdquo he then added

ldquo81 of all ICOs are scams 11 are failing or already

dead They are noncompliant securities with no KYC

AML anti-tax evasion regulation insurance or

protection of investorsrdquo

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 3 of 18httpsthefintechtimescomdr-doom-blockshow-americas

He went on to say that cryptocurrencies cannot be

considered money as they are not a unit of account

nor a means of payment nor a stable store of value

because of their volatility and joked that the token

economy is more akin to barter as thousands of

numerators doesnrsquot allow for comparative pricing

Quoting Vitalik Buterin creator of ethereum Roubini

said you cannot have something that is scalable

decentralised and secure at the same time as theyrsquore

fundamentally inconsistent ldquoProof of work is

decentralised and secure but not scalable at 5-7

transactions per second Visa does 25000

transactions per secondrdquo He then went on to say

that decentralisation was a myth that exchanges

miners developers and wallets were massively

centralised That the top 5 miners control 70 of

mining in Russia Belarus and China and that nearly

all transactions are done on centralised exchanges

many illiquid and not secure citing dozens of 51

attacks

Roubini called blockchain ldquoone of the most

overhyped technologies everrdquo arguing that itrsquos not

the new internet that in the decade itrsquos been around

users have not growing exponentially the number of

transactions have collapsed and transaction costs

are rising through the roof

ldquoThe fintech revolution has nothing to do with bitcoin

cryptocurrencies or blockchain AI machine learning

big data and IoT are leading to the revolution in

payment systems credit allocation insurance capital

market activity and asset management Digital

payment systems used by billions of people and

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 4 of 18httpsthefintechtimescomdr-doom-blockshow-americas

doing billions of transactions a day have nothing to

do with blockchain In China we have AliPay and

WeChat Pay In India UPI system and BitPesa in

Kenya in the US we have Venmo Paypal Square

and dozens of other payment systems that have

nothing to do with blockchain or cryptordquo

Bitcoin the last coin standingBitcoin the last coin standing

On a later panel with LDJ Capitalrsquos David Drake Darc

Matterrsquos Sang Lee YouTuber Tone

Vays Bitcoincomrsquos Sterlin Lujan and BlockAsset

Venturesrsquo David Lee Roubini admitted that bitcoin is

not a fraud but that all other cryptocurrencies are

Lujan agreed citing a Deloitte study ldquoA good

percentage outside of Bitcoin arehellip shtcoinsrdquo

As Vays began discussing bitcoin as an

unconfiscatable asset Roubini began quoting US

Treasury Secretary Steven Mnuchin who said under

US law ldquoif you have a wallet to own bitcoin that

company has the same obligation as a bank to know

We can track those activities The rest of the world

doesnrsquot have that so one of the things we will be

working very closely with the G-20 is making sure

that this doesnrsquot become the Swiss bank accountrdquo

Roubini added ldquoCriminals terrorists and tax evaders

use anonymity to commit crimes Anything digital can

be controlled regulated and taxed every penny of

itrdquo

Sang Lee responded ldquoIf they will tax you on every

penny then people will shift to a system where you

cannot repossess In China everyone with over $100

million tries to repatriate as fast as possible or buy

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 5 of 18httpsthefintechtimescomdr-doom-blockshow-americas

Bitcoin which the government tried to stoprdquo

Lujan added ldquoGovernment-issued regulations move

at a snail pace they canrsquot stop the spread of

decentralization The authoritarian mindset loses

their cool when tech blossoms and thrives Itrsquos

mathematically impossible to freeze someonersquos

crypto in their wallet The bitcoin protocol is highly

antifragile it moves jumps and improves in

response to these attacks The control mentality will

continue as more crypto with privacy features crop

up There will be a beautiful renaissance of freedom

with multisig walletsrdquo

Money is freedomMoney is freedom

During his keynote BTCCrsquos Bobby Lee shared his

views on money as freedom ldquoWe can trust in math

Math will hold up longer than any central bankrdquo he

said ldquoBitcoin is not identity based anonymous is a

good thing Anything that can be tied to anything is

not really yours but a digital asset on the blockchain

can never be taken from you Bitcoin is better than

the US dollar it is at no onersquos mercyrdquo

People are not asking for permissionPeople are not asking for permission

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 6 of 18httpsthefintechtimescomdr-doom-blockshow-americas

Roubinirsquos arch nemesis Alex Mashinsky founder

of Celsius Network a crypto bank which recently

raised $52 million in an ICO is on a mission to bring

the next 100 million people into crypto and was on

hand to rebut Roubini

He exclaimed ldquoThis revolutionary wave of

decentralization will wash away 700 years of

concentration of the biggest companies that ever

existed taking back power from corporations that

dominate our lives There are countries that are

smaller than Apple Less than 1 own more than 50

of the wealth in this world Most people in the world

donrsquot even have a bank account or creditrdquo said

Mashinsky

He pointed out the hypocrisy of JP Morgan Chase

Citibank and Bank of America blocking credit card

customers from buying crypto on Coinbase yet have

employees watching crypto to make sure they jump

in at the right time ldquoFidelity and State Street are

already in behind the scenes and trying to figure out

the custody issuesrdquo He talked about the timing of

mass adoption of Wall Street of crypto ldquoDuring the

next financial crisis people will pull their money out

of banks and put it into crypto thatrsquos when the banks

will have to do somethingrdquo As for government

regulation Mashinsky commented ldquoThe SEC does a

great job of putting the retail investor last in line Irsquom

an accredited investor and wersquore in a private club if

yoursquore in the US and not accredited you canrsquot buy

into an ICO You couldnrsquot get in on Facebook until it

had a $200 billion value The job of the government

is not to tell us whatrsquos right and whats wrong The job

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 7 of 18httpsthefintechtimescomdr-doom-blockshow-americas

of the people is to tell the government whatsrsquo right

and wrongrdquo

Totlersquos David Belznak agreed ldquoRegulations create a

small group who can participate and a large group

who canrsquot The point of tech is to reduce the power

institutions have in our economy shared economies

will be administered by software thatrsquos immutable on

the ledgerrdquo

Forbesrsquo Jason Bloomberg echoing Roubini

cautioned ldquoThe Liberatarian ideal of cryptocurrency

where if we had no government wersquod be free to do

whatever we wanted without government regulation

it becomes a front for criminal activityrdquo

Is it then just a question of controlIs it then just a question of control

BlockShow Americas gave a lot of food for thought

On the one hand there were the crypto anarchists

like Mashinsky Lujan and Lee that argued for a

utopian revolution in self-governance to free the

market and free the world On the other hand there

were the skeptics like Roubini and Bloomberg that

cautioned against irrational enthusiasm that would

only lead to chaos criminal activity and financial ruin

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 8 of 18httpsthefintechtimescomdr-doom-blockshow-americas

PREVIOUS POSTPREVIOUS POST

thefintechtimesthefintechtimes

During my panel ldquoFreedom and Transparency in

Mass Mediardquo featuring Forbesrsquo Rachel Wolfson

TheStreetrsquos Jordan French AMTVrsquos Christopher

Greene Blockchain Guysrsquo Ivica Simatovic and

RedPenrsquos RJ Smith an audience member asked

ldquoWhen will the institutions realize they do not control

the world and all of the people in it

It pretty much summarized the sentiment and

frustration of attendees waiting on the ETF waiting

on the US to loosen its grip on the innovation in the

financial markets and blockchain economy

Greene responded ldquoTheyrsquore terrified They know itrsquos

the future Itrsquos where all the money is going to build

the future of tech Itrsquos going to happen they just donrsquot

like competitionrdquo

Not intended to be a cryptokitty reference Simatovic

ended with ldquoThe cat is out of the bagrdquo

BLOCKCHAINBLOCKCHAIN BLOCKSHOW AMERICASBLOCKSHOW AMERICAS CRYPTOCRYPTO

CRYPTOCURRENCYCRYPTOCURRENCY

SHARESHARE $

ang

Stablecoins An OverviewStablecoins An Overview

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 9 of 18httpsthefintechtimescomdr-doom-blockshow-americas

The Fintech Times an independent

business newspaper Bringing

finance and technology together

$ +

ICOs CouldReach$40Billion by2020 RevealsLondon FintechWeek

LoyyalCorporationExpands GlobalReach toAustralia andNew Zealand

Meet PareshDavdra CEO ampCo-Founder ofXendpay ampRationalFX ndashTheentrepreneurtells us about hisbusinesssuccess

NEWSLETTER

email address

SUBSCRIBE

SUBSCRIBE TO OUR PRINT NEWSPAPER DELIVERED TO YOUR DOOR NEVER MISS

RELATED POSTS

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 10 of 18httpsthefintechtimescomdr-doom-blockshow-americas

AN ISSUE Corporate Subscription The Fintech Times for a year - GET FREE GLOBALTOKEN REVIEW

poundpound4500045000 poundpound1980019800

12 month subscription - 10 editions per year GET FREE GLOBAL TOKENREVIEW

poundpound32003200 poundpound25002500

BLOCKCHAIN UNCHAINED

INTERNET OF INSURANCE CONFERENCE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 11 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WBF

THE FINANCE PROFESSIONAL SHOW

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 12 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WORLD ETHICAL DATA FORUM

FINTECH CONNECT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 13 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FINOVATE FALL 2018

WORLD TELEMEDIA MARBELLA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 14 of 18httpsthefintechtimescomdr-doom-blockshow-americas

CRYPTO CHALLENGE FORUM

ROBO ADVICE SUMMIT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 15 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FUTURAMA BLOCKCHAIN INNOVATORS SUMMIT

FORUM FINTECH CANADA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 16 of 18httpsthefintechtimescomdr-doom-blockshow-americas

MALTA BLOCKCHAIN SUMMIT

STARTUP|BUSINESS|LIFESTYLE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 17 of 18httpsthefintechtimescomdr-doom-blockshow-americas

LONDONLONDON

Rocketspace 40 Islington High StRocketspace 40 Islington High StLondon N1 8EQLondon N1 8EQ

SAN FRANCISCOSAN FRANCISCO

555 Montgomery St 1501 San555 Montgomery St 1501 SanFrancisco CA 94111 USAFrancisco CA 94111 USA

THE FINTECH TIMES

DISRUPTS MEDIA LTD

DisruptsDisrupts

DisruptsTVDisruptsTV

Contact usContact us

Fintech NewsFintech NewsArchiveArchive

Fintech News JulyFintech News July2018 Issue2018 Issue

Fintech News JuneFintech News June2018 Issue2018 Issue

Fintech News AprilFintech News April2018 Issue2018 Issue

FINTECH NEWS2018

Email address

Name

SUBSCRIBE

NEWSLETTER

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 18 of 18httpsthefintechtimescomdr-doom-blockshow-americas

copy Disrupts Media Limited 2018 All Rights Reserved

ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

FOLLOW US

About Team Advertise Subscribe

$

( )

Page 2: Dr. Doom On The Future Of Money At BlockShow Americas ...€¦ · Dr. Doom On The Future Of Money At BlockShow Americas | The Fintech Times 9/1/18, 6:42 AM ... Dr. Doom On The Future

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 2 of 18httpsthefintechtimescomdr-doom-blockshow-americas

made news cryptobrawling with VoIP pioneer Alex

Mashinsky at the Milken Institute on the future of

money He has a strong following with nearly half a

million Twitter followers but last week the NYU

Professor walked right into a den of HODLers as he

spoke skeptically about cryptocurrency and the

blockchain at Cointelegraphrsquos BlockShow Americas

Roubinirsquos CryptopocalypseRoubinirsquos Cryptopocalypse

Sounding the alarm bells Roubini warned the

audience ldquoBitcoin and cryptocurrencies are a bubble

that has already burst Between Thanksgiving and

Christmas last year people with zero financial literacy

began buying bitcoin and it ran it up from $5000 to

$20000 before crashing to todayrsquos value around

$6000 People that bought bitcoin at the peak lost

about 70 but fared better than the average

cryptocurrency including XRP and Litecoin that have

lost on average 92 of their valuerdquo he then added

ldquo81 of all ICOs are scams 11 are failing or already

dead They are noncompliant securities with no KYC

AML anti-tax evasion regulation insurance or

protection of investorsrdquo

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 3 of 18httpsthefintechtimescomdr-doom-blockshow-americas

He went on to say that cryptocurrencies cannot be

considered money as they are not a unit of account

nor a means of payment nor a stable store of value

because of their volatility and joked that the token

economy is more akin to barter as thousands of

numerators doesnrsquot allow for comparative pricing

Quoting Vitalik Buterin creator of ethereum Roubini

said you cannot have something that is scalable

decentralised and secure at the same time as theyrsquore

fundamentally inconsistent ldquoProof of work is

decentralised and secure but not scalable at 5-7

transactions per second Visa does 25000

transactions per secondrdquo He then went on to say

that decentralisation was a myth that exchanges

miners developers and wallets were massively

centralised That the top 5 miners control 70 of

mining in Russia Belarus and China and that nearly

all transactions are done on centralised exchanges

many illiquid and not secure citing dozens of 51

attacks

Roubini called blockchain ldquoone of the most

overhyped technologies everrdquo arguing that itrsquos not

the new internet that in the decade itrsquos been around

users have not growing exponentially the number of

transactions have collapsed and transaction costs

are rising through the roof

ldquoThe fintech revolution has nothing to do with bitcoin

cryptocurrencies or blockchain AI machine learning

big data and IoT are leading to the revolution in

payment systems credit allocation insurance capital

market activity and asset management Digital

payment systems used by billions of people and

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 4 of 18httpsthefintechtimescomdr-doom-blockshow-americas

doing billions of transactions a day have nothing to

do with blockchain In China we have AliPay and

WeChat Pay In India UPI system and BitPesa in

Kenya in the US we have Venmo Paypal Square

and dozens of other payment systems that have

nothing to do with blockchain or cryptordquo

Bitcoin the last coin standingBitcoin the last coin standing

On a later panel with LDJ Capitalrsquos David Drake Darc

Matterrsquos Sang Lee YouTuber Tone

Vays Bitcoincomrsquos Sterlin Lujan and BlockAsset

Venturesrsquo David Lee Roubini admitted that bitcoin is

not a fraud but that all other cryptocurrencies are

Lujan agreed citing a Deloitte study ldquoA good

percentage outside of Bitcoin arehellip shtcoinsrdquo

As Vays began discussing bitcoin as an

unconfiscatable asset Roubini began quoting US

Treasury Secretary Steven Mnuchin who said under

US law ldquoif you have a wallet to own bitcoin that

company has the same obligation as a bank to know

We can track those activities The rest of the world

doesnrsquot have that so one of the things we will be

working very closely with the G-20 is making sure

that this doesnrsquot become the Swiss bank accountrdquo

Roubini added ldquoCriminals terrorists and tax evaders

use anonymity to commit crimes Anything digital can

be controlled regulated and taxed every penny of

itrdquo

Sang Lee responded ldquoIf they will tax you on every

penny then people will shift to a system where you

cannot repossess In China everyone with over $100

million tries to repatriate as fast as possible or buy

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 5 of 18httpsthefintechtimescomdr-doom-blockshow-americas

Bitcoin which the government tried to stoprdquo

Lujan added ldquoGovernment-issued regulations move

at a snail pace they canrsquot stop the spread of

decentralization The authoritarian mindset loses

their cool when tech blossoms and thrives Itrsquos

mathematically impossible to freeze someonersquos

crypto in their wallet The bitcoin protocol is highly

antifragile it moves jumps and improves in

response to these attacks The control mentality will

continue as more crypto with privacy features crop

up There will be a beautiful renaissance of freedom

with multisig walletsrdquo

Money is freedomMoney is freedom

During his keynote BTCCrsquos Bobby Lee shared his

views on money as freedom ldquoWe can trust in math

Math will hold up longer than any central bankrdquo he

said ldquoBitcoin is not identity based anonymous is a

good thing Anything that can be tied to anything is

not really yours but a digital asset on the blockchain

can never be taken from you Bitcoin is better than

the US dollar it is at no onersquos mercyrdquo

People are not asking for permissionPeople are not asking for permission

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 6 of 18httpsthefintechtimescomdr-doom-blockshow-americas

Roubinirsquos arch nemesis Alex Mashinsky founder

of Celsius Network a crypto bank which recently

raised $52 million in an ICO is on a mission to bring

the next 100 million people into crypto and was on

hand to rebut Roubini

He exclaimed ldquoThis revolutionary wave of

decentralization will wash away 700 years of

concentration of the biggest companies that ever

existed taking back power from corporations that

dominate our lives There are countries that are

smaller than Apple Less than 1 own more than 50

of the wealth in this world Most people in the world

donrsquot even have a bank account or creditrdquo said

Mashinsky

He pointed out the hypocrisy of JP Morgan Chase

Citibank and Bank of America blocking credit card

customers from buying crypto on Coinbase yet have

employees watching crypto to make sure they jump

in at the right time ldquoFidelity and State Street are

already in behind the scenes and trying to figure out

the custody issuesrdquo He talked about the timing of

mass adoption of Wall Street of crypto ldquoDuring the

next financial crisis people will pull their money out

of banks and put it into crypto thatrsquos when the banks

will have to do somethingrdquo As for government

regulation Mashinsky commented ldquoThe SEC does a

great job of putting the retail investor last in line Irsquom

an accredited investor and wersquore in a private club if

yoursquore in the US and not accredited you canrsquot buy

into an ICO You couldnrsquot get in on Facebook until it

had a $200 billion value The job of the government

is not to tell us whatrsquos right and whats wrong The job

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 7 of 18httpsthefintechtimescomdr-doom-blockshow-americas

of the people is to tell the government whatsrsquo right

and wrongrdquo

Totlersquos David Belznak agreed ldquoRegulations create a

small group who can participate and a large group

who canrsquot The point of tech is to reduce the power

institutions have in our economy shared economies

will be administered by software thatrsquos immutable on

the ledgerrdquo

Forbesrsquo Jason Bloomberg echoing Roubini

cautioned ldquoThe Liberatarian ideal of cryptocurrency

where if we had no government wersquod be free to do

whatever we wanted without government regulation

it becomes a front for criminal activityrdquo

Is it then just a question of controlIs it then just a question of control

BlockShow Americas gave a lot of food for thought

On the one hand there were the crypto anarchists

like Mashinsky Lujan and Lee that argued for a

utopian revolution in self-governance to free the

market and free the world On the other hand there

were the skeptics like Roubini and Bloomberg that

cautioned against irrational enthusiasm that would

only lead to chaos criminal activity and financial ruin

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 8 of 18httpsthefintechtimescomdr-doom-blockshow-americas

PREVIOUS POSTPREVIOUS POST

thefintechtimesthefintechtimes

During my panel ldquoFreedom and Transparency in

Mass Mediardquo featuring Forbesrsquo Rachel Wolfson

TheStreetrsquos Jordan French AMTVrsquos Christopher

Greene Blockchain Guysrsquo Ivica Simatovic and

RedPenrsquos RJ Smith an audience member asked

ldquoWhen will the institutions realize they do not control

the world and all of the people in it

It pretty much summarized the sentiment and

frustration of attendees waiting on the ETF waiting

on the US to loosen its grip on the innovation in the

financial markets and blockchain economy

Greene responded ldquoTheyrsquore terrified They know itrsquos

the future Itrsquos where all the money is going to build

the future of tech Itrsquos going to happen they just donrsquot

like competitionrdquo

Not intended to be a cryptokitty reference Simatovic

ended with ldquoThe cat is out of the bagrdquo

BLOCKCHAINBLOCKCHAIN BLOCKSHOW AMERICASBLOCKSHOW AMERICAS CRYPTOCRYPTO

CRYPTOCURRENCYCRYPTOCURRENCY

SHARESHARE $

ang

Stablecoins An OverviewStablecoins An Overview

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 9 of 18httpsthefintechtimescomdr-doom-blockshow-americas

The Fintech Times an independent

business newspaper Bringing

finance and technology together

$ +

ICOs CouldReach$40Billion by2020 RevealsLondon FintechWeek

LoyyalCorporationExpands GlobalReach toAustralia andNew Zealand

Meet PareshDavdra CEO ampCo-Founder ofXendpay ampRationalFX ndashTheentrepreneurtells us about hisbusinesssuccess

NEWSLETTER

email address

SUBSCRIBE

SUBSCRIBE TO OUR PRINT NEWSPAPER DELIVERED TO YOUR DOOR NEVER MISS

RELATED POSTS

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 10 of 18httpsthefintechtimescomdr-doom-blockshow-americas

AN ISSUE Corporate Subscription The Fintech Times for a year - GET FREE GLOBALTOKEN REVIEW

poundpound4500045000 poundpound1980019800

12 month subscription - 10 editions per year GET FREE GLOBAL TOKENREVIEW

poundpound32003200 poundpound25002500

BLOCKCHAIN UNCHAINED

INTERNET OF INSURANCE CONFERENCE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 11 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WBF

THE FINANCE PROFESSIONAL SHOW

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 12 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WORLD ETHICAL DATA FORUM

FINTECH CONNECT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 13 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FINOVATE FALL 2018

WORLD TELEMEDIA MARBELLA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 14 of 18httpsthefintechtimescomdr-doom-blockshow-americas

CRYPTO CHALLENGE FORUM

ROBO ADVICE SUMMIT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 15 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FUTURAMA BLOCKCHAIN INNOVATORS SUMMIT

FORUM FINTECH CANADA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 16 of 18httpsthefintechtimescomdr-doom-blockshow-americas

MALTA BLOCKCHAIN SUMMIT

STARTUP|BUSINESS|LIFESTYLE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 17 of 18httpsthefintechtimescomdr-doom-blockshow-americas

LONDONLONDON

Rocketspace 40 Islington High StRocketspace 40 Islington High StLondon N1 8EQLondon N1 8EQ

SAN FRANCISCOSAN FRANCISCO

555 Montgomery St 1501 San555 Montgomery St 1501 SanFrancisco CA 94111 USAFrancisco CA 94111 USA

THE FINTECH TIMES

DISRUPTS MEDIA LTD

DisruptsDisrupts

DisruptsTVDisruptsTV

Contact usContact us

Fintech NewsFintech NewsArchiveArchive

Fintech News JulyFintech News July2018 Issue2018 Issue

Fintech News JuneFintech News June2018 Issue2018 Issue

Fintech News AprilFintech News April2018 Issue2018 Issue

FINTECH NEWS2018

Email address

Name

SUBSCRIBE

NEWSLETTER

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 18 of 18httpsthefintechtimescomdr-doom-blockshow-americas

copy Disrupts Media Limited 2018 All Rights Reserved

ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

FOLLOW US

About Team Advertise Subscribe

$

( )

Page 3: Dr. Doom On The Future Of Money At BlockShow Americas ...€¦ · Dr. Doom On The Future Of Money At BlockShow Americas | The Fintech Times 9/1/18, 6:42 AM ... Dr. Doom On The Future

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 3 of 18httpsthefintechtimescomdr-doom-blockshow-americas

He went on to say that cryptocurrencies cannot be

considered money as they are not a unit of account

nor a means of payment nor a stable store of value

because of their volatility and joked that the token

economy is more akin to barter as thousands of

numerators doesnrsquot allow for comparative pricing

Quoting Vitalik Buterin creator of ethereum Roubini

said you cannot have something that is scalable

decentralised and secure at the same time as theyrsquore

fundamentally inconsistent ldquoProof of work is

decentralised and secure but not scalable at 5-7

transactions per second Visa does 25000

transactions per secondrdquo He then went on to say

that decentralisation was a myth that exchanges

miners developers and wallets were massively

centralised That the top 5 miners control 70 of

mining in Russia Belarus and China and that nearly

all transactions are done on centralised exchanges

many illiquid and not secure citing dozens of 51

attacks

Roubini called blockchain ldquoone of the most

overhyped technologies everrdquo arguing that itrsquos not

the new internet that in the decade itrsquos been around

users have not growing exponentially the number of

transactions have collapsed and transaction costs

are rising through the roof

ldquoThe fintech revolution has nothing to do with bitcoin

cryptocurrencies or blockchain AI machine learning

big data and IoT are leading to the revolution in

payment systems credit allocation insurance capital

market activity and asset management Digital

payment systems used by billions of people and

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 4 of 18httpsthefintechtimescomdr-doom-blockshow-americas

doing billions of transactions a day have nothing to

do with blockchain In China we have AliPay and

WeChat Pay In India UPI system and BitPesa in

Kenya in the US we have Venmo Paypal Square

and dozens of other payment systems that have

nothing to do with blockchain or cryptordquo

Bitcoin the last coin standingBitcoin the last coin standing

On a later panel with LDJ Capitalrsquos David Drake Darc

Matterrsquos Sang Lee YouTuber Tone

Vays Bitcoincomrsquos Sterlin Lujan and BlockAsset

Venturesrsquo David Lee Roubini admitted that bitcoin is

not a fraud but that all other cryptocurrencies are

Lujan agreed citing a Deloitte study ldquoA good

percentage outside of Bitcoin arehellip shtcoinsrdquo

As Vays began discussing bitcoin as an

unconfiscatable asset Roubini began quoting US

Treasury Secretary Steven Mnuchin who said under

US law ldquoif you have a wallet to own bitcoin that

company has the same obligation as a bank to know

We can track those activities The rest of the world

doesnrsquot have that so one of the things we will be

working very closely with the G-20 is making sure

that this doesnrsquot become the Swiss bank accountrdquo

Roubini added ldquoCriminals terrorists and tax evaders

use anonymity to commit crimes Anything digital can

be controlled regulated and taxed every penny of

itrdquo

Sang Lee responded ldquoIf they will tax you on every

penny then people will shift to a system where you

cannot repossess In China everyone with over $100

million tries to repatriate as fast as possible or buy

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 5 of 18httpsthefintechtimescomdr-doom-blockshow-americas

Bitcoin which the government tried to stoprdquo

Lujan added ldquoGovernment-issued regulations move

at a snail pace they canrsquot stop the spread of

decentralization The authoritarian mindset loses

their cool when tech blossoms and thrives Itrsquos

mathematically impossible to freeze someonersquos

crypto in their wallet The bitcoin protocol is highly

antifragile it moves jumps and improves in

response to these attacks The control mentality will

continue as more crypto with privacy features crop

up There will be a beautiful renaissance of freedom

with multisig walletsrdquo

Money is freedomMoney is freedom

During his keynote BTCCrsquos Bobby Lee shared his

views on money as freedom ldquoWe can trust in math

Math will hold up longer than any central bankrdquo he

said ldquoBitcoin is not identity based anonymous is a

good thing Anything that can be tied to anything is

not really yours but a digital asset on the blockchain

can never be taken from you Bitcoin is better than

the US dollar it is at no onersquos mercyrdquo

People are not asking for permissionPeople are not asking for permission

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 6 of 18httpsthefintechtimescomdr-doom-blockshow-americas

Roubinirsquos arch nemesis Alex Mashinsky founder

of Celsius Network a crypto bank which recently

raised $52 million in an ICO is on a mission to bring

the next 100 million people into crypto and was on

hand to rebut Roubini

He exclaimed ldquoThis revolutionary wave of

decentralization will wash away 700 years of

concentration of the biggest companies that ever

existed taking back power from corporations that

dominate our lives There are countries that are

smaller than Apple Less than 1 own more than 50

of the wealth in this world Most people in the world

donrsquot even have a bank account or creditrdquo said

Mashinsky

He pointed out the hypocrisy of JP Morgan Chase

Citibank and Bank of America blocking credit card

customers from buying crypto on Coinbase yet have

employees watching crypto to make sure they jump

in at the right time ldquoFidelity and State Street are

already in behind the scenes and trying to figure out

the custody issuesrdquo He talked about the timing of

mass adoption of Wall Street of crypto ldquoDuring the

next financial crisis people will pull their money out

of banks and put it into crypto thatrsquos when the banks

will have to do somethingrdquo As for government

regulation Mashinsky commented ldquoThe SEC does a

great job of putting the retail investor last in line Irsquom

an accredited investor and wersquore in a private club if

yoursquore in the US and not accredited you canrsquot buy

into an ICO You couldnrsquot get in on Facebook until it

had a $200 billion value The job of the government

is not to tell us whatrsquos right and whats wrong The job

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 7 of 18httpsthefintechtimescomdr-doom-blockshow-americas

of the people is to tell the government whatsrsquo right

and wrongrdquo

Totlersquos David Belznak agreed ldquoRegulations create a

small group who can participate and a large group

who canrsquot The point of tech is to reduce the power

institutions have in our economy shared economies

will be administered by software thatrsquos immutable on

the ledgerrdquo

Forbesrsquo Jason Bloomberg echoing Roubini

cautioned ldquoThe Liberatarian ideal of cryptocurrency

where if we had no government wersquod be free to do

whatever we wanted without government regulation

it becomes a front for criminal activityrdquo

Is it then just a question of controlIs it then just a question of control

BlockShow Americas gave a lot of food for thought

On the one hand there were the crypto anarchists

like Mashinsky Lujan and Lee that argued for a

utopian revolution in self-governance to free the

market and free the world On the other hand there

were the skeptics like Roubini and Bloomberg that

cautioned against irrational enthusiasm that would

only lead to chaos criminal activity and financial ruin

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 8 of 18httpsthefintechtimescomdr-doom-blockshow-americas

PREVIOUS POSTPREVIOUS POST

thefintechtimesthefintechtimes

During my panel ldquoFreedom and Transparency in

Mass Mediardquo featuring Forbesrsquo Rachel Wolfson

TheStreetrsquos Jordan French AMTVrsquos Christopher

Greene Blockchain Guysrsquo Ivica Simatovic and

RedPenrsquos RJ Smith an audience member asked

ldquoWhen will the institutions realize they do not control

the world and all of the people in it

It pretty much summarized the sentiment and

frustration of attendees waiting on the ETF waiting

on the US to loosen its grip on the innovation in the

financial markets and blockchain economy

Greene responded ldquoTheyrsquore terrified They know itrsquos

the future Itrsquos where all the money is going to build

the future of tech Itrsquos going to happen they just donrsquot

like competitionrdquo

Not intended to be a cryptokitty reference Simatovic

ended with ldquoThe cat is out of the bagrdquo

BLOCKCHAINBLOCKCHAIN BLOCKSHOW AMERICASBLOCKSHOW AMERICAS CRYPTOCRYPTO

CRYPTOCURRENCYCRYPTOCURRENCY

SHARESHARE $

ang

Stablecoins An OverviewStablecoins An Overview

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 9 of 18httpsthefintechtimescomdr-doom-blockshow-americas

The Fintech Times an independent

business newspaper Bringing

finance and technology together

$ +

ICOs CouldReach$40Billion by2020 RevealsLondon FintechWeek

LoyyalCorporationExpands GlobalReach toAustralia andNew Zealand

Meet PareshDavdra CEO ampCo-Founder ofXendpay ampRationalFX ndashTheentrepreneurtells us about hisbusinesssuccess

NEWSLETTER

email address

SUBSCRIBE

SUBSCRIBE TO OUR PRINT NEWSPAPER DELIVERED TO YOUR DOOR NEVER MISS

RELATED POSTS

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 10 of 18httpsthefintechtimescomdr-doom-blockshow-americas

AN ISSUE Corporate Subscription The Fintech Times for a year - GET FREE GLOBALTOKEN REVIEW

poundpound4500045000 poundpound1980019800

12 month subscription - 10 editions per year GET FREE GLOBAL TOKENREVIEW

poundpound32003200 poundpound25002500

BLOCKCHAIN UNCHAINED

INTERNET OF INSURANCE CONFERENCE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 11 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WBF

THE FINANCE PROFESSIONAL SHOW

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 12 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WORLD ETHICAL DATA FORUM

FINTECH CONNECT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 13 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FINOVATE FALL 2018

WORLD TELEMEDIA MARBELLA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 14 of 18httpsthefintechtimescomdr-doom-blockshow-americas

CRYPTO CHALLENGE FORUM

ROBO ADVICE SUMMIT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 15 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FUTURAMA BLOCKCHAIN INNOVATORS SUMMIT

FORUM FINTECH CANADA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 16 of 18httpsthefintechtimescomdr-doom-blockshow-americas

MALTA BLOCKCHAIN SUMMIT

STARTUP|BUSINESS|LIFESTYLE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 17 of 18httpsthefintechtimescomdr-doom-blockshow-americas

LONDONLONDON

Rocketspace 40 Islington High StRocketspace 40 Islington High StLondon N1 8EQLondon N1 8EQ

SAN FRANCISCOSAN FRANCISCO

555 Montgomery St 1501 San555 Montgomery St 1501 SanFrancisco CA 94111 USAFrancisco CA 94111 USA

THE FINTECH TIMES

DISRUPTS MEDIA LTD

DisruptsDisrupts

DisruptsTVDisruptsTV

Contact usContact us

Fintech NewsFintech NewsArchiveArchive

Fintech News JulyFintech News July2018 Issue2018 Issue

Fintech News JuneFintech News June2018 Issue2018 Issue

Fintech News AprilFintech News April2018 Issue2018 Issue

FINTECH NEWS2018

Email address

Name

SUBSCRIBE

NEWSLETTER

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 18 of 18httpsthefintechtimescomdr-doom-blockshow-americas

copy Disrupts Media Limited 2018 All Rights Reserved

ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

FOLLOW US

About Team Advertise Subscribe

$

( )

Page 4: Dr. Doom On The Future Of Money At BlockShow Americas ...€¦ · Dr. Doom On The Future Of Money At BlockShow Americas | The Fintech Times 9/1/18, 6:42 AM ... Dr. Doom On The Future

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 4 of 18httpsthefintechtimescomdr-doom-blockshow-americas

doing billions of transactions a day have nothing to

do with blockchain In China we have AliPay and

WeChat Pay In India UPI system and BitPesa in

Kenya in the US we have Venmo Paypal Square

and dozens of other payment systems that have

nothing to do with blockchain or cryptordquo

Bitcoin the last coin standingBitcoin the last coin standing

On a later panel with LDJ Capitalrsquos David Drake Darc

Matterrsquos Sang Lee YouTuber Tone

Vays Bitcoincomrsquos Sterlin Lujan and BlockAsset

Venturesrsquo David Lee Roubini admitted that bitcoin is

not a fraud but that all other cryptocurrencies are

Lujan agreed citing a Deloitte study ldquoA good

percentage outside of Bitcoin arehellip shtcoinsrdquo

As Vays began discussing bitcoin as an

unconfiscatable asset Roubini began quoting US

Treasury Secretary Steven Mnuchin who said under

US law ldquoif you have a wallet to own bitcoin that

company has the same obligation as a bank to know

We can track those activities The rest of the world

doesnrsquot have that so one of the things we will be

working very closely with the G-20 is making sure

that this doesnrsquot become the Swiss bank accountrdquo

Roubini added ldquoCriminals terrorists and tax evaders

use anonymity to commit crimes Anything digital can

be controlled regulated and taxed every penny of

itrdquo

Sang Lee responded ldquoIf they will tax you on every

penny then people will shift to a system where you

cannot repossess In China everyone with over $100

million tries to repatriate as fast as possible or buy

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 5 of 18httpsthefintechtimescomdr-doom-blockshow-americas

Bitcoin which the government tried to stoprdquo

Lujan added ldquoGovernment-issued regulations move

at a snail pace they canrsquot stop the spread of

decentralization The authoritarian mindset loses

their cool when tech blossoms and thrives Itrsquos

mathematically impossible to freeze someonersquos

crypto in their wallet The bitcoin protocol is highly

antifragile it moves jumps and improves in

response to these attacks The control mentality will

continue as more crypto with privacy features crop

up There will be a beautiful renaissance of freedom

with multisig walletsrdquo

Money is freedomMoney is freedom

During his keynote BTCCrsquos Bobby Lee shared his

views on money as freedom ldquoWe can trust in math

Math will hold up longer than any central bankrdquo he

said ldquoBitcoin is not identity based anonymous is a

good thing Anything that can be tied to anything is

not really yours but a digital asset on the blockchain

can never be taken from you Bitcoin is better than

the US dollar it is at no onersquos mercyrdquo

People are not asking for permissionPeople are not asking for permission

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 6 of 18httpsthefintechtimescomdr-doom-blockshow-americas

Roubinirsquos arch nemesis Alex Mashinsky founder

of Celsius Network a crypto bank which recently

raised $52 million in an ICO is on a mission to bring

the next 100 million people into crypto and was on

hand to rebut Roubini

He exclaimed ldquoThis revolutionary wave of

decentralization will wash away 700 years of

concentration of the biggest companies that ever

existed taking back power from corporations that

dominate our lives There are countries that are

smaller than Apple Less than 1 own more than 50

of the wealth in this world Most people in the world

donrsquot even have a bank account or creditrdquo said

Mashinsky

He pointed out the hypocrisy of JP Morgan Chase

Citibank and Bank of America blocking credit card

customers from buying crypto on Coinbase yet have

employees watching crypto to make sure they jump

in at the right time ldquoFidelity and State Street are

already in behind the scenes and trying to figure out

the custody issuesrdquo He talked about the timing of

mass adoption of Wall Street of crypto ldquoDuring the

next financial crisis people will pull their money out

of banks and put it into crypto thatrsquos when the banks

will have to do somethingrdquo As for government

regulation Mashinsky commented ldquoThe SEC does a

great job of putting the retail investor last in line Irsquom

an accredited investor and wersquore in a private club if

yoursquore in the US and not accredited you canrsquot buy

into an ICO You couldnrsquot get in on Facebook until it

had a $200 billion value The job of the government

is not to tell us whatrsquos right and whats wrong The job

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 7 of 18httpsthefintechtimescomdr-doom-blockshow-americas

of the people is to tell the government whatsrsquo right

and wrongrdquo

Totlersquos David Belznak agreed ldquoRegulations create a

small group who can participate and a large group

who canrsquot The point of tech is to reduce the power

institutions have in our economy shared economies

will be administered by software thatrsquos immutable on

the ledgerrdquo

Forbesrsquo Jason Bloomberg echoing Roubini

cautioned ldquoThe Liberatarian ideal of cryptocurrency

where if we had no government wersquod be free to do

whatever we wanted without government regulation

it becomes a front for criminal activityrdquo

Is it then just a question of controlIs it then just a question of control

BlockShow Americas gave a lot of food for thought

On the one hand there were the crypto anarchists

like Mashinsky Lujan and Lee that argued for a

utopian revolution in self-governance to free the

market and free the world On the other hand there

were the skeptics like Roubini and Bloomberg that

cautioned against irrational enthusiasm that would

only lead to chaos criminal activity and financial ruin

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 8 of 18httpsthefintechtimescomdr-doom-blockshow-americas

PREVIOUS POSTPREVIOUS POST

thefintechtimesthefintechtimes

During my panel ldquoFreedom and Transparency in

Mass Mediardquo featuring Forbesrsquo Rachel Wolfson

TheStreetrsquos Jordan French AMTVrsquos Christopher

Greene Blockchain Guysrsquo Ivica Simatovic and

RedPenrsquos RJ Smith an audience member asked

ldquoWhen will the institutions realize they do not control

the world and all of the people in it

It pretty much summarized the sentiment and

frustration of attendees waiting on the ETF waiting

on the US to loosen its grip on the innovation in the

financial markets and blockchain economy

Greene responded ldquoTheyrsquore terrified They know itrsquos

the future Itrsquos where all the money is going to build

the future of tech Itrsquos going to happen they just donrsquot

like competitionrdquo

Not intended to be a cryptokitty reference Simatovic

ended with ldquoThe cat is out of the bagrdquo

BLOCKCHAINBLOCKCHAIN BLOCKSHOW AMERICASBLOCKSHOW AMERICAS CRYPTOCRYPTO

CRYPTOCURRENCYCRYPTOCURRENCY

SHARESHARE $

ang

Stablecoins An OverviewStablecoins An Overview

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 9 of 18httpsthefintechtimescomdr-doom-blockshow-americas

The Fintech Times an independent

business newspaper Bringing

finance and technology together

$ +

ICOs CouldReach$40Billion by2020 RevealsLondon FintechWeek

LoyyalCorporationExpands GlobalReach toAustralia andNew Zealand

Meet PareshDavdra CEO ampCo-Founder ofXendpay ampRationalFX ndashTheentrepreneurtells us about hisbusinesssuccess

NEWSLETTER

email address

SUBSCRIBE

SUBSCRIBE TO OUR PRINT NEWSPAPER DELIVERED TO YOUR DOOR NEVER MISS

RELATED POSTS

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 10 of 18httpsthefintechtimescomdr-doom-blockshow-americas

AN ISSUE Corporate Subscription The Fintech Times for a year - GET FREE GLOBALTOKEN REVIEW

poundpound4500045000 poundpound1980019800

12 month subscription - 10 editions per year GET FREE GLOBAL TOKENREVIEW

poundpound32003200 poundpound25002500

BLOCKCHAIN UNCHAINED

INTERNET OF INSURANCE CONFERENCE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 11 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WBF

THE FINANCE PROFESSIONAL SHOW

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 12 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WORLD ETHICAL DATA FORUM

FINTECH CONNECT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 13 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FINOVATE FALL 2018

WORLD TELEMEDIA MARBELLA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 14 of 18httpsthefintechtimescomdr-doom-blockshow-americas

CRYPTO CHALLENGE FORUM

ROBO ADVICE SUMMIT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 15 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FUTURAMA BLOCKCHAIN INNOVATORS SUMMIT

FORUM FINTECH CANADA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 16 of 18httpsthefintechtimescomdr-doom-blockshow-americas

MALTA BLOCKCHAIN SUMMIT

STARTUP|BUSINESS|LIFESTYLE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 17 of 18httpsthefintechtimescomdr-doom-blockshow-americas

LONDONLONDON

Rocketspace 40 Islington High StRocketspace 40 Islington High StLondon N1 8EQLondon N1 8EQ

SAN FRANCISCOSAN FRANCISCO

555 Montgomery St 1501 San555 Montgomery St 1501 SanFrancisco CA 94111 USAFrancisco CA 94111 USA

THE FINTECH TIMES

DISRUPTS MEDIA LTD

DisruptsDisrupts

DisruptsTVDisruptsTV

Contact usContact us

Fintech NewsFintech NewsArchiveArchive

Fintech News JulyFintech News July2018 Issue2018 Issue

Fintech News JuneFintech News June2018 Issue2018 Issue

Fintech News AprilFintech News April2018 Issue2018 Issue

FINTECH NEWS2018

Email address

Name

SUBSCRIBE

NEWSLETTER

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 18 of 18httpsthefintechtimescomdr-doom-blockshow-americas

copy Disrupts Media Limited 2018 All Rights Reserved

ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

FOLLOW US

About Team Advertise Subscribe

$

( )

Page 5: Dr. Doom On The Future Of Money At BlockShow Americas ...€¦ · Dr. Doom On The Future Of Money At BlockShow Americas | The Fintech Times 9/1/18, 6:42 AM ... Dr. Doom On The Future

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 5 of 18httpsthefintechtimescomdr-doom-blockshow-americas

Bitcoin which the government tried to stoprdquo

Lujan added ldquoGovernment-issued regulations move

at a snail pace they canrsquot stop the spread of

decentralization The authoritarian mindset loses

their cool when tech blossoms and thrives Itrsquos

mathematically impossible to freeze someonersquos

crypto in their wallet The bitcoin protocol is highly

antifragile it moves jumps and improves in

response to these attacks The control mentality will

continue as more crypto with privacy features crop

up There will be a beautiful renaissance of freedom

with multisig walletsrdquo

Money is freedomMoney is freedom

During his keynote BTCCrsquos Bobby Lee shared his

views on money as freedom ldquoWe can trust in math

Math will hold up longer than any central bankrdquo he

said ldquoBitcoin is not identity based anonymous is a

good thing Anything that can be tied to anything is

not really yours but a digital asset on the blockchain

can never be taken from you Bitcoin is better than

the US dollar it is at no onersquos mercyrdquo

People are not asking for permissionPeople are not asking for permission

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 6 of 18httpsthefintechtimescomdr-doom-blockshow-americas

Roubinirsquos arch nemesis Alex Mashinsky founder

of Celsius Network a crypto bank which recently

raised $52 million in an ICO is on a mission to bring

the next 100 million people into crypto and was on

hand to rebut Roubini

He exclaimed ldquoThis revolutionary wave of

decentralization will wash away 700 years of

concentration of the biggest companies that ever

existed taking back power from corporations that

dominate our lives There are countries that are

smaller than Apple Less than 1 own more than 50

of the wealth in this world Most people in the world

donrsquot even have a bank account or creditrdquo said

Mashinsky

He pointed out the hypocrisy of JP Morgan Chase

Citibank and Bank of America blocking credit card

customers from buying crypto on Coinbase yet have

employees watching crypto to make sure they jump

in at the right time ldquoFidelity and State Street are

already in behind the scenes and trying to figure out

the custody issuesrdquo He talked about the timing of

mass adoption of Wall Street of crypto ldquoDuring the

next financial crisis people will pull their money out

of banks and put it into crypto thatrsquos when the banks

will have to do somethingrdquo As for government

regulation Mashinsky commented ldquoThe SEC does a

great job of putting the retail investor last in line Irsquom

an accredited investor and wersquore in a private club if

yoursquore in the US and not accredited you canrsquot buy

into an ICO You couldnrsquot get in on Facebook until it

had a $200 billion value The job of the government

is not to tell us whatrsquos right and whats wrong The job

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 7 of 18httpsthefintechtimescomdr-doom-blockshow-americas

of the people is to tell the government whatsrsquo right

and wrongrdquo

Totlersquos David Belznak agreed ldquoRegulations create a

small group who can participate and a large group

who canrsquot The point of tech is to reduce the power

institutions have in our economy shared economies

will be administered by software thatrsquos immutable on

the ledgerrdquo

Forbesrsquo Jason Bloomberg echoing Roubini

cautioned ldquoThe Liberatarian ideal of cryptocurrency

where if we had no government wersquod be free to do

whatever we wanted without government regulation

it becomes a front for criminal activityrdquo

Is it then just a question of controlIs it then just a question of control

BlockShow Americas gave a lot of food for thought

On the one hand there were the crypto anarchists

like Mashinsky Lujan and Lee that argued for a

utopian revolution in self-governance to free the

market and free the world On the other hand there

were the skeptics like Roubini and Bloomberg that

cautioned against irrational enthusiasm that would

only lead to chaos criminal activity and financial ruin

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 8 of 18httpsthefintechtimescomdr-doom-blockshow-americas

PREVIOUS POSTPREVIOUS POST

thefintechtimesthefintechtimes

During my panel ldquoFreedom and Transparency in

Mass Mediardquo featuring Forbesrsquo Rachel Wolfson

TheStreetrsquos Jordan French AMTVrsquos Christopher

Greene Blockchain Guysrsquo Ivica Simatovic and

RedPenrsquos RJ Smith an audience member asked

ldquoWhen will the institutions realize they do not control

the world and all of the people in it

It pretty much summarized the sentiment and

frustration of attendees waiting on the ETF waiting

on the US to loosen its grip on the innovation in the

financial markets and blockchain economy

Greene responded ldquoTheyrsquore terrified They know itrsquos

the future Itrsquos where all the money is going to build

the future of tech Itrsquos going to happen they just donrsquot

like competitionrdquo

Not intended to be a cryptokitty reference Simatovic

ended with ldquoThe cat is out of the bagrdquo

BLOCKCHAINBLOCKCHAIN BLOCKSHOW AMERICASBLOCKSHOW AMERICAS CRYPTOCRYPTO

CRYPTOCURRENCYCRYPTOCURRENCY

SHARESHARE $

ang

Stablecoins An OverviewStablecoins An Overview

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 9 of 18httpsthefintechtimescomdr-doom-blockshow-americas

The Fintech Times an independent

business newspaper Bringing

finance and technology together

$ +

ICOs CouldReach$40Billion by2020 RevealsLondon FintechWeek

LoyyalCorporationExpands GlobalReach toAustralia andNew Zealand

Meet PareshDavdra CEO ampCo-Founder ofXendpay ampRationalFX ndashTheentrepreneurtells us about hisbusinesssuccess

NEWSLETTER

email address

SUBSCRIBE

SUBSCRIBE TO OUR PRINT NEWSPAPER DELIVERED TO YOUR DOOR NEVER MISS

RELATED POSTS

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 10 of 18httpsthefintechtimescomdr-doom-blockshow-americas

AN ISSUE Corporate Subscription The Fintech Times for a year - GET FREE GLOBALTOKEN REVIEW

poundpound4500045000 poundpound1980019800

12 month subscription - 10 editions per year GET FREE GLOBAL TOKENREVIEW

poundpound32003200 poundpound25002500

BLOCKCHAIN UNCHAINED

INTERNET OF INSURANCE CONFERENCE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 11 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WBF

THE FINANCE PROFESSIONAL SHOW

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 12 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WORLD ETHICAL DATA FORUM

FINTECH CONNECT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 13 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FINOVATE FALL 2018

WORLD TELEMEDIA MARBELLA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 14 of 18httpsthefintechtimescomdr-doom-blockshow-americas

CRYPTO CHALLENGE FORUM

ROBO ADVICE SUMMIT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 15 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FUTURAMA BLOCKCHAIN INNOVATORS SUMMIT

FORUM FINTECH CANADA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 16 of 18httpsthefintechtimescomdr-doom-blockshow-americas

MALTA BLOCKCHAIN SUMMIT

STARTUP|BUSINESS|LIFESTYLE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 17 of 18httpsthefintechtimescomdr-doom-blockshow-americas

LONDONLONDON

Rocketspace 40 Islington High StRocketspace 40 Islington High StLondon N1 8EQLondon N1 8EQ

SAN FRANCISCOSAN FRANCISCO

555 Montgomery St 1501 San555 Montgomery St 1501 SanFrancisco CA 94111 USAFrancisco CA 94111 USA

THE FINTECH TIMES

DISRUPTS MEDIA LTD

DisruptsDisrupts

DisruptsTVDisruptsTV

Contact usContact us

Fintech NewsFintech NewsArchiveArchive

Fintech News JulyFintech News July2018 Issue2018 Issue

Fintech News JuneFintech News June2018 Issue2018 Issue

Fintech News AprilFintech News April2018 Issue2018 Issue

FINTECH NEWS2018

Email address

Name

SUBSCRIBE

NEWSLETTER

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 18 of 18httpsthefintechtimescomdr-doom-blockshow-americas

copy Disrupts Media Limited 2018 All Rights Reserved

ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

FOLLOW US

About Team Advertise Subscribe

$

( )

Page 6: Dr. Doom On The Future Of Money At BlockShow Americas ...€¦ · Dr. Doom On The Future Of Money At BlockShow Americas | The Fintech Times 9/1/18, 6:42 AM ... Dr. Doom On The Future

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 6 of 18httpsthefintechtimescomdr-doom-blockshow-americas

Roubinirsquos arch nemesis Alex Mashinsky founder

of Celsius Network a crypto bank which recently

raised $52 million in an ICO is on a mission to bring

the next 100 million people into crypto and was on

hand to rebut Roubini

He exclaimed ldquoThis revolutionary wave of

decentralization will wash away 700 years of

concentration of the biggest companies that ever

existed taking back power from corporations that

dominate our lives There are countries that are

smaller than Apple Less than 1 own more than 50

of the wealth in this world Most people in the world

donrsquot even have a bank account or creditrdquo said

Mashinsky

He pointed out the hypocrisy of JP Morgan Chase

Citibank and Bank of America blocking credit card

customers from buying crypto on Coinbase yet have

employees watching crypto to make sure they jump

in at the right time ldquoFidelity and State Street are

already in behind the scenes and trying to figure out

the custody issuesrdquo He talked about the timing of

mass adoption of Wall Street of crypto ldquoDuring the

next financial crisis people will pull their money out

of banks and put it into crypto thatrsquos when the banks

will have to do somethingrdquo As for government

regulation Mashinsky commented ldquoThe SEC does a

great job of putting the retail investor last in line Irsquom

an accredited investor and wersquore in a private club if

yoursquore in the US and not accredited you canrsquot buy

into an ICO You couldnrsquot get in on Facebook until it

had a $200 billion value The job of the government

is not to tell us whatrsquos right and whats wrong The job

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 7 of 18httpsthefintechtimescomdr-doom-blockshow-americas

of the people is to tell the government whatsrsquo right

and wrongrdquo

Totlersquos David Belznak agreed ldquoRegulations create a

small group who can participate and a large group

who canrsquot The point of tech is to reduce the power

institutions have in our economy shared economies

will be administered by software thatrsquos immutable on

the ledgerrdquo

Forbesrsquo Jason Bloomberg echoing Roubini

cautioned ldquoThe Liberatarian ideal of cryptocurrency

where if we had no government wersquod be free to do

whatever we wanted without government regulation

it becomes a front for criminal activityrdquo

Is it then just a question of controlIs it then just a question of control

BlockShow Americas gave a lot of food for thought

On the one hand there were the crypto anarchists

like Mashinsky Lujan and Lee that argued for a

utopian revolution in self-governance to free the

market and free the world On the other hand there

were the skeptics like Roubini and Bloomberg that

cautioned against irrational enthusiasm that would

only lead to chaos criminal activity and financial ruin

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 8 of 18httpsthefintechtimescomdr-doom-blockshow-americas

PREVIOUS POSTPREVIOUS POST

thefintechtimesthefintechtimes

During my panel ldquoFreedom and Transparency in

Mass Mediardquo featuring Forbesrsquo Rachel Wolfson

TheStreetrsquos Jordan French AMTVrsquos Christopher

Greene Blockchain Guysrsquo Ivica Simatovic and

RedPenrsquos RJ Smith an audience member asked

ldquoWhen will the institutions realize they do not control

the world and all of the people in it

It pretty much summarized the sentiment and

frustration of attendees waiting on the ETF waiting

on the US to loosen its grip on the innovation in the

financial markets and blockchain economy

Greene responded ldquoTheyrsquore terrified They know itrsquos

the future Itrsquos where all the money is going to build

the future of tech Itrsquos going to happen they just donrsquot

like competitionrdquo

Not intended to be a cryptokitty reference Simatovic

ended with ldquoThe cat is out of the bagrdquo

BLOCKCHAINBLOCKCHAIN BLOCKSHOW AMERICASBLOCKSHOW AMERICAS CRYPTOCRYPTO

CRYPTOCURRENCYCRYPTOCURRENCY

SHARESHARE $

ang

Stablecoins An OverviewStablecoins An Overview

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 9 of 18httpsthefintechtimescomdr-doom-blockshow-americas

The Fintech Times an independent

business newspaper Bringing

finance and technology together

$ +

ICOs CouldReach$40Billion by2020 RevealsLondon FintechWeek

LoyyalCorporationExpands GlobalReach toAustralia andNew Zealand

Meet PareshDavdra CEO ampCo-Founder ofXendpay ampRationalFX ndashTheentrepreneurtells us about hisbusinesssuccess

NEWSLETTER

email address

SUBSCRIBE

SUBSCRIBE TO OUR PRINT NEWSPAPER DELIVERED TO YOUR DOOR NEVER MISS

RELATED POSTS

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 10 of 18httpsthefintechtimescomdr-doom-blockshow-americas

AN ISSUE Corporate Subscription The Fintech Times for a year - GET FREE GLOBALTOKEN REVIEW

poundpound4500045000 poundpound1980019800

12 month subscription - 10 editions per year GET FREE GLOBAL TOKENREVIEW

poundpound32003200 poundpound25002500

BLOCKCHAIN UNCHAINED

INTERNET OF INSURANCE CONFERENCE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 11 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WBF

THE FINANCE PROFESSIONAL SHOW

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 12 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WORLD ETHICAL DATA FORUM

FINTECH CONNECT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 13 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FINOVATE FALL 2018

WORLD TELEMEDIA MARBELLA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 14 of 18httpsthefintechtimescomdr-doom-blockshow-americas

CRYPTO CHALLENGE FORUM

ROBO ADVICE SUMMIT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 15 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FUTURAMA BLOCKCHAIN INNOVATORS SUMMIT

FORUM FINTECH CANADA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 16 of 18httpsthefintechtimescomdr-doom-blockshow-americas

MALTA BLOCKCHAIN SUMMIT

STARTUP|BUSINESS|LIFESTYLE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 17 of 18httpsthefintechtimescomdr-doom-blockshow-americas

LONDONLONDON

Rocketspace 40 Islington High StRocketspace 40 Islington High StLondon N1 8EQLondon N1 8EQ

SAN FRANCISCOSAN FRANCISCO

555 Montgomery St 1501 San555 Montgomery St 1501 SanFrancisco CA 94111 USAFrancisco CA 94111 USA

THE FINTECH TIMES

DISRUPTS MEDIA LTD

DisruptsDisrupts

DisruptsTVDisruptsTV

Contact usContact us

Fintech NewsFintech NewsArchiveArchive

Fintech News JulyFintech News July2018 Issue2018 Issue

Fintech News JuneFintech News June2018 Issue2018 Issue

Fintech News AprilFintech News April2018 Issue2018 Issue

FINTECH NEWS2018

Email address

Name

SUBSCRIBE

NEWSLETTER

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 18 of 18httpsthefintechtimescomdr-doom-blockshow-americas

copy Disrupts Media Limited 2018 All Rights Reserved

ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

FOLLOW US

About Team Advertise Subscribe

$

( )

Page 7: Dr. Doom On The Future Of Money At BlockShow Americas ...€¦ · Dr. Doom On The Future Of Money At BlockShow Americas | The Fintech Times 9/1/18, 6:42 AM ... Dr. Doom On The Future

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 7 of 18httpsthefintechtimescomdr-doom-blockshow-americas

of the people is to tell the government whatsrsquo right

and wrongrdquo

Totlersquos David Belznak agreed ldquoRegulations create a

small group who can participate and a large group

who canrsquot The point of tech is to reduce the power

institutions have in our economy shared economies

will be administered by software thatrsquos immutable on

the ledgerrdquo

Forbesrsquo Jason Bloomberg echoing Roubini

cautioned ldquoThe Liberatarian ideal of cryptocurrency

where if we had no government wersquod be free to do

whatever we wanted without government regulation

it becomes a front for criminal activityrdquo

Is it then just a question of controlIs it then just a question of control

BlockShow Americas gave a lot of food for thought

On the one hand there were the crypto anarchists

like Mashinsky Lujan and Lee that argued for a

utopian revolution in self-governance to free the

market and free the world On the other hand there

were the skeptics like Roubini and Bloomberg that

cautioned against irrational enthusiasm that would

only lead to chaos criminal activity and financial ruin

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 8 of 18httpsthefintechtimescomdr-doom-blockshow-americas

PREVIOUS POSTPREVIOUS POST

thefintechtimesthefintechtimes

During my panel ldquoFreedom and Transparency in

Mass Mediardquo featuring Forbesrsquo Rachel Wolfson

TheStreetrsquos Jordan French AMTVrsquos Christopher

Greene Blockchain Guysrsquo Ivica Simatovic and

RedPenrsquos RJ Smith an audience member asked

ldquoWhen will the institutions realize they do not control

the world and all of the people in it

It pretty much summarized the sentiment and

frustration of attendees waiting on the ETF waiting

on the US to loosen its grip on the innovation in the

financial markets and blockchain economy

Greene responded ldquoTheyrsquore terrified They know itrsquos

the future Itrsquos where all the money is going to build

the future of tech Itrsquos going to happen they just donrsquot

like competitionrdquo

Not intended to be a cryptokitty reference Simatovic

ended with ldquoThe cat is out of the bagrdquo

BLOCKCHAINBLOCKCHAIN BLOCKSHOW AMERICASBLOCKSHOW AMERICAS CRYPTOCRYPTO

CRYPTOCURRENCYCRYPTOCURRENCY

SHARESHARE $

ang

Stablecoins An OverviewStablecoins An Overview

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 9 of 18httpsthefintechtimescomdr-doom-blockshow-americas

The Fintech Times an independent

business newspaper Bringing

finance and technology together

$ +

ICOs CouldReach$40Billion by2020 RevealsLondon FintechWeek

LoyyalCorporationExpands GlobalReach toAustralia andNew Zealand

Meet PareshDavdra CEO ampCo-Founder ofXendpay ampRationalFX ndashTheentrepreneurtells us about hisbusinesssuccess

NEWSLETTER

email address

SUBSCRIBE

SUBSCRIBE TO OUR PRINT NEWSPAPER DELIVERED TO YOUR DOOR NEVER MISS

RELATED POSTS

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 10 of 18httpsthefintechtimescomdr-doom-blockshow-americas

AN ISSUE Corporate Subscription The Fintech Times for a year - GET FREE GLOBALTOKEN REVIEW

poundpound4500045000 poundpound1980019800

12 month subscription - 10 editions per year GET FREE GLOBAL TOKENREVIEW

poundpound32003200 poundpound25002500

BLOCKCHAIN UNCHAINED

INTERNET OF INSURANCE CONFERENCE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 11 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WBF

THE FINANCE PROFESSIONAL SHOW

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 12 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WORLD ETHICAL DATA FORUM

FINTECH CONNECT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 13 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FINOVATE FALL 2018

WORLD TELEMEDIA MARBELLA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 14 of 18httpsthefintechtimescomdr-doom-blockshow-americas

CRYPTO CHALLENGE FORUM

ROBO ADVICE SUMMIT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 15 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FUTURAMA BLOCKCHAIN INNOVATORS SUMMIT

FORUM FINTECH CANADA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 16 of 18httpsthefintechtimescomdr-doom-blockshow-americas

MALTA BLOCKCHAIN SUMMIT

STARTUP|BUSINESS|LIFESTYLE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 17 of 18httpsthefintechtimescomdr-doom-blockshow-americas

LONDONLONDON

Rocketspace 40 Islington High StRocketspace 40 Islington High StLondon N1 8EQLondon N1 8EQ

SAN FRANCISCOSAN FRANCISCO

555 Montgomery St 1501 San555 Montgomery St 1501 SanFrancisco CA 94111 USAFrancisco CA 94111 USA

THE FINTECH TIMES

DISRUPTS MEDIA LTD

DisruptsDisrupts

DisruptsTVDisruptsTV

Contact usContact us

Fintech NewsFintech NewsArchiveArchive

Fintech News JulyFintech News July2018 Issue2018 Issue

Fintech News JuneFintech News June2018 Issue2018 Issue

Fintech News AprilFintech News April2018 Issue2018 Issue

FINTECH NEWS2018

Email address

Name

SUBSCRIBE

NEWSLETTER

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 18 of 18httpsthefintechtimescomdr-doom-blockshow-americas

copy Disrupts Media Limited 2018 All Rights Reserved

ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

FOLLOW US

About Team Advertise Subscribe

$

( )

Page 8: Dr. Doom On The Future Of Money At BlockShow Americas ...€¦ · Dr. Doom On The Future Of Money At BlockShow Americas | The Fintech Times 9/1/18, 6:42 AM ... Dr. Doom On The Future

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 8 of 18httpsthefintechtimescomdr-doom-blockshow-americas

PREVIOUS POSTPREVIOUS POST

thefintechtimesthefintechtimes

During my panel ldquoFreedom and Transparency in

Mass Mediardquo featuring Forbesrsquo Rachel Wolfson

TheStreetrsquos Jordan French AMTVrsquos Christopher

Greene Blockchain Guysrsquo Ivica Simatovic and

RedPenrsquos RJ Smith an audience member asked

ldquoWhen will the institutions realize they do not control

the world and all of the people in it

It pretty much summarized the sentiment and

frustration of attendees waiting on the ETF waiting

on the US to loosen its grip on the innovation in the

financial markets and blockchain economy

Greene responded ldquoTheyrsquore terrified They know itrsquos

the future Itrsquos where all the money is going to build

the future of tech Itrsquos going to happen they just donrsquot

like competitionrdquo

Not intended to be a cryptokitty reference Simatovic

ended with ldquoThe cat is out of the bagrdquo

BLOCKCHAINBLOCKCHAIN BLOCKSHOW AMERICASBLOCKSHOW AMERICAS CRYPTOCRYPTO

CRYPTOCURRENCYCRYPTOCURRENCY

SHARESHARE $

ang

Stablecoins An OverviewStablecoins An Overview

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 9 of 18httpsthefintechtimescomdr-doom-blockshow-americas

The Fintech Times an independent

business newspaper Bringing

finance and technology together

$ +

ICOs CouldReach$40Billion by2020 RevealsLondon FintechWeek

LoyyalCorporationExpands GlobalReach toAustralia andNew Zealand

Meet PareshDavdra CEO ampCo-Founder ofXendpay ampRationalFX ndashTheentrepreneurtells us about hisbusinesssuccess

NEWSLETTER

email address

SUBSCRIBE

SUBSCRIBE TO OUR PRINT NEWSPAPER DELIVERED TO YOUR DOOR NEVER MISS

RELATED POSTS

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 10 of 18httpsthefintechtimescomdr-doom-blockshow-americas

AN ISSUE Corporate Subscription The Fintech Times for a year - GET FREE GLOBALTOKEN REVIEW

poundpound4500045000 poundpound1980019800

12 month subscription - 10 editions per year GET FREE GLOBAL TOKENREVIEW

poundpound32003200 poundpound25002500

BLOCKCHAIN UNCHAINED

INTERNET OF INSURANCE CONFERENCE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 11 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WBF

THE FINANCE PROFESSIONAL SHOW

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 12 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WORLD ETHICAL DATA FORUM

FINTECH CONNECT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 13 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FINOVATE FALL 2018

WORLD TELEMEDIA MARBELLA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 14 of 18httpsthefintechtimescomdr-doom-blockshow-americas

CRYPTO CHALLENGE FORUM

ROBO ADVICE SUMMIT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 15 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FUTURAMA BLOCKCHAIN INNOVATORS SUMMIT

FORUM FINTECH CANADA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 16 of 18httpsthefintechtimescomdr-doom-blockshow-americas

MALTA BLOCKCHAIN SUMMIT

STARTUP|BUSINESS|LIFESTYLE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 17 of 18httpsthefintechtimescomdr-doom-blockshow-americas

LONDONLONDON

Rocketspace 40 Islington High StRocketspace 40 Islington High StLondon N1 8EQLondon N1 8EQ

SAN FRANCISCOSAN FRANCISCO

555 Montgomery St 1501 San555 Montgomery St 1501 SanFrancisco CA 94111 USAFrancisco CA 94111 USA

THE FINTECH TIMES

DISRUPTS MEDIA LTD

DisruptsDisrupts

DisruptsTVDisruptsTV

Contact usContact us

Fintech NewsFintech NewsArchiveArchive

Fintech News JulyFintech News July2018 Issue2018 Issue

Fintech News JuneFintech News June2018 Issue2018 Issue

Fintech News AprilFintech News April2018 Issue2018 Issue

FINTECH NEWS2018

Email address

Name

SUBSCRIBE

NEWSLETTER

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 18 of 18httpsthefintechtimescomdr-doom-blockshow-americas

copy Disrupts Media Limited 2018 All Rights Reserved

ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

FOLLOW US

About Team Advertise Subscribe

$

( )

Page 9: Dr. Doom On The Future Of Money At BlockShow Americas ...€¦ · Dr. Doom On The Future Of Money At BlockShow Americas | The Fintech Times 9/1/18, 6:42 AM ... Dr. Doom On The Future

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 9 of 18httpsthefintechtimescomdr-doom-blockshow-americas

The Fintech Times an independent

business newspaper Bringing

finance and technology together

$ +

ICOs CouldReach$40Billion by2020 RevealsLondon FintechWeek

LoyyalCorporationExpands GlobalReach toAustralia andNew Zealand

Meet PareshDavdra CEO ampCo-Founder ofXendpay ampRationalFX ndashTheentrepreneurtells us about hisbusinesssuccess

NEWSLETTER

email address

SUBSCRIBE

SUBSCRIBE TO OUR PRINT NEWSPAPER DELIVERED TO YOUR DOOR NEVER MISS

RELATED POSTS

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 10 of 18httpsthefintechtimescomdr-doom-blockshow-americas

AN ISSUE Corporate Subscription The Fintech Times for a year - GET FREE GLOBALTOKEN REVIEW

poundpound4500045000 poundpound1980019800

12 month subscription - 10 editions per year GET FREE GLOBAL TOKENREVIEW

poundpound32003200 poundpound25002500

BLOCKCHAIN UNCHAINED

INTERNET OF INSURANCE CONFERENCE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 11 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WBF

THE FINANCE PROFESSIONAL SHOW

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 12 of 18httpsthefintechtimescomdr-doom-blockshow-americas

WORLD ETHICAL DATA FORUM

FINTECH CONNECT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 13 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FINOVATE FALL 2018

WORLD TELEMEDIA MARBELLA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 14 of 18httpsthefintechtimescomdr-doom-blockshow-americas

CRYPTO CHALLENGE FORUM

ROBO ADVICE SUMMIT

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 15 of 18httpsthefintechtimescomdr-doom-blockshow-americas

FUTURAMA BLOCKCHAIN INNOVATORS SUMMIT

FORUM FINTECH CANADA

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 16 of 18httpsthefintechtimescomdr-doom-blockshow-americas

MALTA BLOCKCHAIN SUMMIT

STARTUP|BUSINESS|LIFESTYLE

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 17 of 18httpsthefintechtimescomdr-doom-blockshow-americas

LONDONLONDON

Rocketspace 40 Islington High StRocketspace 40 Islington High StLondon N1 8EQLondon N1 8EQ

SAN FRANCISCOSAN FRANCISCO

555 Montgomery St 1501 San555 Montgomery St 1501 SanFrancisco CA 94111 USAFrancisco CA 94111 USA

THE FINTECH TIMES

DISRUPTS MEDIA LTD

DisruptsDisrupts

DisruptsTVDisruptsTV

Contact usContact us

Fintech NewsFintech NewsArchiveArchive

Fintech News JulyFintech News July2018 Issue2018 Issue

Fintech News JuneFintech News June2018 Issue2018 Issue

Fintech News AprilFintech News April2018 Issue2018 Issue

FINTECH NEWS2018

Email address

Name

SUBSCRIBE

NEWSLETTER

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 18 of 18httpsthefintechtimescomdr-doom-blockshow-americas

copy Disrupts Media Limited 2018 All Rights Reserved

ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

FOLLOW US

About Team Advertise Subscribe

$

( )

Page 10: Dr. Doom On The Future Of Money At BlockShow Americas ...€¦ · Dr. Doom On The Future Of Money At BlockShow Americas | The Fintech Times 9/1/18, 6:42 AM ... Dr. Doom On The Future

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 10 of 18httpsthefintechtimescomdr-doom-blockshow-americas

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The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

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ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

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FINOVATE FALL 2018

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CRYPTO CHALLENGE FORUM

ROBO ADVICE SUMMIT

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ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

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FINOVATE FALL 2018

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CRYPTO CHALLENGE FORUM

ROBO ADVICE SUMMIT

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Page 18 of 18httpsthefintechtimescomdr-doom-blockshow-americas

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ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

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CRYPTO CHALLENGE FORUM

ROBO ADVICE SUMMIT

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Page 15 of 18httpsthefintechtimescomdr-doom-blockshow-americas

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FORUM FINTECH CANADA

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9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 18 of 18httpsthefintechtimescomdr-doom-blockshow-americas

copy Disrupts Media Limited 2018 All Rights Reserved

ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

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FUTURAMA BLOCKCHAIN INNOVATORS SUMMIT

FORUM FINTECH CANADA

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Page 16 of 18httpsthefintechtimescomdr-doom-blockshow-americas

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STARTUP|BUSINESS|LIFESTYLE

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Page 17 of 18httpsthefintechtimescomdr-doom-blockshow-americas

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9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 18 of 18httpsthefintechtimescomdr-doom-blockshow-americas

copy Disrupts Media Limited 2018 All Rights Reserved

ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

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Page 16: Dr. Doom On The Future Of Money At BlockShow Americas ...€¦ · Dr. Doom On The Future Of Money At BlockShow Americas | The Fintech Times 9/1/18, 6:42 AM ... Dr. Doom On The Future

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Page 16 of 18httpsthefintechtimescomdr-doom-blockshow-americas

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9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 17 of 18httpsthefintechtimescomdr-doom-blockshow-americas

LONDONLONDON

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9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 18 of 18httpsthefintechtimescomdr-doom-blockshow-americas

copy Disrupts Media Limited 2018 All Rights Reserved

ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

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Page 17 of 18httpsthefintechtimescomdr-doom-blockshow-americas

LONDONLONDON

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9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 18 of 18httpsthefintechtimescomdr-doom-blockshow-americas

copy Disrupts Media Limited 2018 All Rights Reserved

ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

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Page 18: Dr. Doom On The Future Of Money At BlockShow Americas ...€¦ · Dr. Doom On The Future Of Money At BlockShow Americas | The Fintech Times 9/1/18, 6:42 AM ... Dr. Doom On The Future

9118 642 AMDr Doom On The Future Of Money At BlockShow Americas | The Fintech Times

Page 18 of 18httpsthefintechtimescomdr-doom-blockshow-americas

copy Disrupts Media Limited 2018 All Rights Reserved

ABOUT US

The Fintech Times is the worldrsquos first and onlynewspaper dedicated to fintech Publishedmonthly The Fintech Times explores theexplosive world of financial technologyblending first hand insight opinion andexpertise with observational journalism toprovide a balanced and comprehensiveperspective of this rapidly evolving industry

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