Summary of The Big Blockchain Lie

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Known as “Dr. Doom” for his voice-in-the-wilderness prediction in 2006 of an impending housing market collapse and financial crisis, professor Nouriel Roubini now sets his sights on a new area of financial concern: blockchain. He posits not only that digital currencies are financial losers but that blockchain itself is an essentially worthless architecture. He dissects the technology and questions its efficacy in finance, health care and other areas. Roubini’s provocative take will leave investors, analysts and curious readers armed with a whole new perspective.

In this summary, you will learn

  • How digital currencies sank in 2018,

  • What the financial performance of cryptocurrencies reveals about blockchain, and

  • Why organizational leaders and investors should carefully assess the opportunities in distributed ledger software.

 

About the Author

Nouriel Roubini is a professor at New York University’s Stern School of Business and the CEO of Roubini Macro Associates.

 

Summary

Depending on your viewpoint, blockchain and the cryptocurrencies stemming from the distributed ledger design are either the next transformative technology or will soon vanish into the junkyard of failed enterprises.


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