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Bitcoin is based on the blockchain pipe dream | Nouriel Roubini and Preston Byrne | Business

Predictions that bitcoin and other cryptocurrencies will fail typically elicit a broader defence of the underlying blockchain technology. Yes, the argument goes, over half of all “initial coin offerings” to date have already failed, and most of the 1,500-plus cryptocurrencies also will fail, but “blockchain” will nonetheless revolutionise finance and …

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