On the final day of Block Show Americas (Las Vegas), Cointelegraph recorded debates and on-site reporting about the usefulness and future of cryptocurrencies. Key moments include a heated debate between Nouriel Roubini and Alex Mashinsky on democratization and the risks of crypto, Tone Vays arguing that Bitcoin can be unconfiscatable if properly held, and Mike Butcher promoting broad tokenization while noting legal infrastructure needs. The video closes by promising more interviews and coverage on regulation, decentralization, and adoption.
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Las Vegas.
Nouriel Roubini and Alex Mashinsky.
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Hello, friends, we're here at the end of Block Show Americas in Las Vegas. Today was the second day of a two day show packed with lively debates, conversations, meetings and dogs. For Block show and for Cointelegraph. This is a historic moment. Today we successfully completed our first Block show in America.
The second day of Block Show America's 2018 kicked off with a robust debate on the usefulness of cryptocurrencies. The debate took place between Nouriel Roubini, CEO of Roubini Micro Associates and predictor of the global financial crisis in 2008, also known as Dr. Doom, and Alex Macinsky, founder of Celsius Network. Roubini argued that in the space of crypto there is zero security, claiming there is no democratization and decentralization.
It's all bullshit about democratization of finance and freedom. It's nonsense. Hundreds, thousands of pump and dump schemes, spoofing, wash trading, front running. That's what the market is all about. And this is a bubble that has burst. And these are technologies that are totally overhyped. It's just nuts. It's just delusional. A bunch of people in this space were just trading shitcoins day in, day out. We've lost all of this value.
Mashinsky responded, the current system does not work for 7 billion people in the world, while only people who work on Wall street can pay their bills.
Now, I know there's a lot of skeptics like Nouriel Roubini who was pacing you back and forth, promising you that all of this is going to collapse and go down to zero. I know Nouriel, we're both from New York, right? So the only thing we agree on is we both breathe oxygen.
Later on, Roubini joined a debate on how blockchain is seen from the perspective of major institutions joining industry players like Tone Vase, an ex Wall street professional and researcher.
Your real estate's confiscatable. Your car's confiscatable, your gold bars are confiscatable. Your money in the bank is confiscatable. Bitcoin is unconfiscatable if you properly hold it.
Speaking about tokenization of physical assets, Mike Butcher, editor at large at TechCrunch, claimed that a robust legal infrastructure is necessary for the industry to thrive.
In theory, there's no limit to tokenization. Go for your life. Tokenize everything. Tokenize this chair. Tokenize this microphone. Tokenize this cameraman. Tokenize myself. Tokenize everything.
So Block show is over, but the content doesn't end here. We've got serious conversations about regulation, decentralization, and adoption, plus interviews about crypto with people on the Strip. All of these interviews will be coming out in the coming days right here on our YouTube channel. So stay tuned, stay tuned, stay tuned.
