Still a lot of discussions about the future of bitcoin and cryptocurrencies surrounding in scientific community. Aren't experts yet convainced that bitcoin is a reality?
In an interview for CNBC,
Robert Shiller the professor at Yale University expressed his rather negative sentiment towards Bitcoin and other cryptocurrencies, saying:
To me its another example of faddish human behavior.
Link to the interview:
https://www.cnbc.com/2018/05/21/bitcoin-could-be-another-failed-currency-robert-shiller-says.htmlShiller consolidated his opinions on Bitcoin and other cryptocurrencies in a long post from where i prefered to take this note:
Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal, [
] None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.
Link to full article:
https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05