In a tweet, Buterin subtly hinted that Roubini has no idea what he is talking about and as such he should not comment on cryptocurrency.
I officially predict a financial crisis some time between now and 2021.
Not because I have any special knowledge or even actually think that, but so that I can have a ~25% (or whatever) chance of later being publicly acclaimed as "a guru who predicted the last financial crisis".
— vitalik.eth (@VitalikButerin) October 10, 2018
The tweet attracted a furious response from Roubini who then responded to Buterin saying:
Vitalik, just shut up & speak about stuff that you can claim u know a lil about. You have promising Proof of Stake since 2013 & we are still waiting for a system that is scalable, decentralized & secure. But that is impossible as your inconsistent trinity principle proves. https://t.co/2VtkG764wL
— Nouriel Roubini (@Nouriel) October 10, 2018
Ethereum co-founder, Vitalik Buterin has thrown shade on prominent economist and cryptocurrency skeptic Nouriel Roubini, in response to Roubini’s earlier statements calling him a “dictator” and describing decentralization in Crypto as a “myth”.
It will be recalled that the current conflict began when Roubini – popularly referred to as ‘Dr. Doom’ because of his negative crypto predictions – recently posted on Twitter that decentralization of cryptocurrencies is a ‘myth and that even ‘North Korea’ is more decentralized than crypto. He further described developers such as Buterin as “centralized Dictators.”
In the aftermath of his initial tweet, several Twitter users immediately responded saying that Roubini’s comments are grossly oversimplified, especially since different cryptocurrencies have different degrees of decentralization.
Buterin, who is known to be vocal about crypto issues replied:
“I don’t think that’s a fair characterization; if you look more deeply at the actual processes of ethereum governance you’ll find that while a technical elite does exist (as in all cryptocurrencies), my own involvement is much less pivotal than it seems from the outside.”
While he agreed with Roubini that centralization of developers, exchanges and miners or validators is an issue, he, however, added that they are actively implementing different ways to mitigate this (such as. multiple client implementations, decentralized exchanges, and various protocol features in PoS).