Bitcoin Basher Nouriel Roubini Labels Facebook’s Libra a ‘Monopoly Scam’

By CCN Markets: Avowed Bitcoin critic Nouriel ‘Dr. Doom’ Roubini has found another target – Facebook’s upcoming cryptocurrency Libra, on the day of its announcement. According to the New York University economics professor, Libra is ‘blockchain in name only’. Roubini: Libra is just another profit driver for Facebook Further, Roubini argued that Facebook’s cryptocurrency was only designed to grow the social media giant’s profits. Per Roubini, Libra is a ‘monopoly scam’ given that Facebook boasts of billions of users spread across the world. It will start as a private, permissioned, not-trustless, centralized oligopolistic members-only club. So much for calling it

The post Bitcoin Basher Nouriel Roubini Labels Facebook’s Libra a ‘Monopoly Scam’ appeared first on CCN Markets

Source: Bitcoin CNN