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Nouriel Roubini didn't hold anything back at the Milken Global Conference, billing cryptocurrency as one of the bigger scams humanity has ever seen. Two highly regarded blockchain entrepreneurs took the opposite view in what proved to be a highly entertaining cryptobrawl.
“Everything you just said is irrelevant,” shot back Alex Mashinsky, a blockchain entrepreneur who was an early developer of the Voice over Internet Protocol standard. “I don’t even know where to begin,” Bill Barhydt, who worked on cryptography for the CIA, responded to Roubini. The moderator, Reuters journalist Anna Irrera, called for a time out to cool things off. Then the feds weighed in. “I may need to step in and regulate this panel,” said Brent McIntosh, general counsel for the U.S. Treasury and another panel participant. Billed as a sober discussion to a ballroom where every seat was filled, the panel meandered into shouting and crosstalk. Passions are running high nearly everywhere in crypto. Many predict the likes of Bitcoin and Ethereum will change the world. Others see failure looming.
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