Recent events cast doubt on the reliability of crypto. Which is understandable. Opinions are still very divided. During a master class, two well-known personalities spoke about the value and potential of crypto. They are Paul Krugman, known for his legendary skepticism about cryptocurrencies, and Changpeng Zhao (the CEO and co-founder of Binance).
“Crypto is a new medium for transferring value,” argues Zhao
the debate between economist Paul Krugman and the CEO of binance was particularly interesting. To start the conversation, Paul Krugman said: ” I’m part of the skeptical crypto community “. A statement to which the CEO of Binance immediately responded by referring to Bitcoin’s raison d’être.
Zhao actually argues that crypto is a better form of money. It would solve some problems related to the current currency. According to the founder of one of the most important crypto companies, crypto is easy to use. More importantly, it offers more freedom of use at a relatively low cost. He speaks of one more efficient means of transferring value “.
“Why not just reform the banking rules? asks Paul Krugman
” I am a bit confused. It’s unclear why blockchain itself should facilitate fundraising “. This was explained by Paul Krugman in response to Zhao’s arguments.” This is not a technological problem, but a regulatory problem ‘ he said, adding: ‘Isn’t it just a detour regulations governments, for whatever reason, saw fit? “.
Specifically, Krugman compares the crypto problem to cell phones. It explains how two US airlines can have different policies for the same regions. He goes so far as to raise an important question: Why is bitcoin adoption slower than the internet?
The debate between Zhao and Krugman is said to be highly constructive. It allows the community and future users (or investors) to get an idea of the crypto market. And you, what would be your opinion?
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My name is Ariela and I am 31 years old. I’ve been working in webwriting for 7 years now. I only discovered trading and cryptocurrency a few years ago. But it’s a universe that I’m very interested in. And the topics covered on the platform allow me to learn more. In my spare time I am a singer, but I also have a great passion for music and reading (and animals)!