‘Release the Tape You Coward’ — Roubini Tells BitMEX CEO After Debate

Published at: July 3, 2019

American economist and professional crypto contrarian Nouriel Roubini has furiously demanded the release of a recording of his latest debate with BitMEX CEO and co-founder Arthur Hayes. 

In one of several fulminating tweets posted on July 2, Roubini accused the organizers of the Asia Blockchain Summit in Taiwan of being part of a “mafia hush money racket” and cowing to BitMEX’s censorship by choosing to neither tape nor broadcast his debate with Hayes during the event. One tweet reads:

“Another @CryptoHayes scam: he didnt allow the blockchain conference to record our debate or beam it live. He controls the only recording of it and will only release heavily edited "highlights". I destroyed @CryptoHayes in the debate and he is hiding. RELEASE THE TAPE YOU COWARD!”

While Roubini’s well-oiled routine of playing the crypto antagonist is well-known across the industry, the economist appears to be particularly keen on having this latest squabble — dubbed the “Tangle in Taipei” — in the public eye.

Hayes — seemingly more relaxed about the affair — responded to Roubini by assuring him that any tape release would expose his “thin grasp of economics and technology.”

According to Cointelegraph’s reporter at the scene, the Tangle in Taipei was largely a rehearsal of Roubini’s view that the crypto industry is rife with scammers and that its technology is neither secure, decentralized, nor scalable. 

He also reiterated his view of its shortcomings as a payments system, and dubbed the entire space of innovation as a manifestation of “stone age technology, not a digital revolution.”

It remains to be seen whether Hayes’ release of debate highlights will grace ears with another of Roubini’s Taipei soundbites — “there’s nothing smart about smart contracts.”

One conference attendee who says she “endured” Roubini’s debate performance, summarized it as “the entitled view of a privileged man speaking for the underprivileged.”

As recently reported, BitMEX posted record volumes across its operations as bitcoin (BTC) hit $13,000 last month. As the world’s single biggest bitcoin derivatives provider, the platform reported more than $1 billion of open interest on the market, prompting Hayes to declare that crypto winter is resolutely over.

Roubini meanwhile provided fresh insights at the Salt conference in New York this spring, claiming that “crypto is the mother and father of all bubbles.” 

In response to the latest fracas over Taipei, one social media commentator picked up on an apparent Roubini tweet of six-year vintage — back when BTC was in the double-digits —  quipping “Nouriel, what's the % gained between $58 & $10,000?”

Tags
Related Posts
CFTC Probe of BitMEX a Result of Roubini Vs. Hayes Taipei Tangle?
Seychelles-based cryptocurrency exchange BitMEX is reportedly in trouble. Soon after Nouriel Roubini, a New York University professor of economics and anti-cryptocurrency pundit, criticized BitMEX of violating regulations, it was reported on July 19 that United States Commodity Futures Trading Commission (CFTC) is opening an investigation into BitMEX on whether it broke the law by allowing U.S. residents to trade on its platform. A day later, an additional finding by London-based blockchain data provider TokenAnalyst revealed that BitMEX has experienced major Bitcoin (BTC) outflows to the tune of $73 million after news of the regulatory investigation surfaced. The Tangle in Taipei …
Bitcoin Regulation / July 22, 2019
Bitmain stops shipment of Antminer crypto mining rigs into China
Bitmain, a Chinese manufacturer of cryptocurrency mining equipment, has been forced to stop its business in China from Oct. 11 following the crypto ban imposed by local authorities. In addition to China’s blanket ban on crypto operations, the company has attributed the move to stop shipping Bitcoin (BTC) and cryptocurrency mining rigs as a response to China’s carbon-neutral policies. According to Bitmain’s announcement: “From October 11, 2021, Antminer will stop shipping to mainland China. For customers in mainland China who have purchased long-term products, our staff will contact them to provide alternative solutions.” While the company has yet to reveal …
Bitcoin / Oct. 10, 2021
BitMEX Ventures Invests in Crypto Exchange Licensed by Philippines Central Bank
BitMEX Ventures has invested in a crypto exchange licensed by the central bank of the Philippines, the company announced in a news release shared with Cointelegraph on June 3. The release notes that the financial backing will help the Philippine Digital Asset Exchange (PDAX) develop a marketplace for digital assets beyond cryptocurrencies — including tokenized commodities, real estate equities and debt securities. The co-founder and CEO of PDAX, Nichel Gaba, says a limited infrastructure in the country has left consumers struggling to access financial products and services. He added: “Through digital assets and blockchain, we want to even the playing …
Altcoin / June 3, 2019
CRO price hits new high after Crypto.com wins Los Angeles' Staples Center naming rights
Crypto.com's native cryptocurrency CRO hit an all-time high of $0.593 on Nov. 18 after the company won the naming rights to Los Angeles's Staples Center. The cryptocurrency trading platform announced Tuesday night that it had paid $700 million to the Anschutz Entertainment Group (AEG) to rename Staples Center to Crypto.com for the next twenty years. In doing so, it gained links with the downtown arena's native sports franchises, including NBA's Los Angeles Lakers, Clippers, and National Hockey League's Kings franchise. The deal should boost Crypto.com's public awareness, and this prompted traders to raise their bids for CRO, an intermediary settlement …
Markets / Nov. 18, 2021
5 ways derivatives could change the cryptocurrency sector in 2022
We‘ve all heard stories of billion-dollar future contracts liquidations being the cause of 25% intraday price crashes in Bitcoin (BTC) and Ether (ETH) but the truth is, the industry has been plagued by 100x leverage instruments since BitMEX launched its perpetual futures contract in May 2016. The derivatives industry goes far beyond these retail-driven instruments, as institutional clients, mutual funds, market makers and professional traders can benefit from using the instrument‘s hedging capabilities. In April 2020, Renaissance Technologies, a $130 billion hedge fund, received the green light to invest in Bitcoin futures markets using instruments listed at the CME. These …
Adoption / Dec. 30, 2021