As Bitcoin continues to grab eyeballs at the crypto markets, the Tangle in Taipei, the presumably heated argument between BitMEX CEO Arthur Hayes and economist Nouriel Roubini, managed to evangelize several supporters as well as naysayers.
The two went head to head at the Asia Blockchain Summit, putting forth opinions regarding the cryptocurrencies and their future.
The cryptocurrency debate heats up
While Roubini, a strong critic of digital assets, managed to change perceptions regarding the bullish optimism for cryptocurrencies, Hayes worked up a sweat to convert the opinions of those involved in the debate.
Whether it was Roubini making headway or Hayes forging ahead, the results are open to speculation as the two argued vehemently behind closed doors. Apparently, only the Summit organizers and BitMEX were allowed to retain footage of the fabled debate.
Following the session, Roubini was seen thrashing the BitMEX and event organizers on Twitter for censoring the tapes. He further went on to threaten to sue BitMEX and the entire crypto industry if the tapes are not released.
They are hiding the whole video as @CryptoHayes and @BitMEXdotcom got totally reckt for once since their daily biz model is to @BitmexRekt “degenerate gamblers” retail suckers with 100x leveraged toxic crypto derivatives. These folks are worse than blood-sucking leeches. https://t.co/UiJcn5Mfjf
— Nouriel Roubini (@Nouriel) July 8, 2019
Roubini lashes out at BitMEX
Roubini supposedly named Bitcoin as “a speculative asset” and rubbished the prospects of a digital economy.
The debate reportedly turned sour when it came to BitMEX’s 100x leverage feature that promotes high fluctuations at the crypto markets. However, Hayes leaped to his defense stating that the exclusive trading feature has brought the much-needed liquidity into the market and enabled users to take higher risks.
If rumors are to be believed, it is this attack on BitMEX’s trading product that has prevented the company from releasing the footage, fearing defamation.
Meanwhile, the results for the most-talked-about Tangle in Taipei debate continue to be reviewed.