{"id":243291,"date":"2019-11-30T17:33:16","date_gmt":"2019-11-30T22:33:16","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=243291"},"modified":"2019-11-30T17:33:16","modified_gmt":"2019-11-30T22:33:16","slug":"nouriel-roubinis-turns-his-ire-to-ethers-plunging-value","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/nouriel-roubinis-turns-his-ire-to-ethers-plunging-value","title":{"rendered":"Nouriel Roubini\u2019s Turns His Ire to Ether\u2019s Plunging Value\u00a0"},"content":{"rendered":"

Nouriel Roubini is a cryptocurrency hater like no other. With an industry-wide nickname of \u201cDr. Doom\u201d and a long history of bashing anything related to crypto or blockchain, this man will undoubtedly find himself on the Mount Rushmore of cryptocurrency haters when it\u2019s all said and done.\u00a0<\/span>The latest in Roubini\u2019s attacks on the crypto space came on Wednesday, when he laid into Ether and its value.<\/span><\/p>\n

Ether a Negative-Value Asset?<\/span><\/h2>\n

Mocking the brainchild of Vitalik Buterin, Roubini\u00a0<\/span>wrote<\/span><\/a>\u00a0on Twitter, Crypto-Apocalypse: Ethereum<\/a> down 90% from the peak, in free fall and now close to the 2018 low. Still a long way from zero that is its fundamental value,\u201d adding later that the second largest cryptocurrency is actually worth negative, considering the toxic levels of energy and environmental pollution that its mining takes.\u00a0<\/span><\/p>\n

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Crypto-Apocalypse: Ethereum down 90% from the peak, in free fall and now close to the 2018 low. Still a long way from zero that is its fundamental value. Actually it is worth negative given all the toxic externalities of energy waste and pollution that its mining generates<\/p>\n

— Nouriel Roubini (@Nouriel) November 27, 2019<\/a><\/p><\/blockquote>\n