Nobel laureate economist Paul Krugman speaks during a debate with a16z crypto General Partner Katie Haun, contrasting early internet utility with cryptocurrency's perceived lack of unique use cases.
Prediction Not checkable as stated
Paul Krugman predicts most crypto projects will look like Pets.com by 2033
“My guess is, however, that I think I don't actually believe that we're at the dawn of a new age. I actually believe that we're at the that that most of this 10 years back, 15 years, 15 years from now, it will look a lot like Pets.com.”
Prediction Not checkable as stated
Krugman: Significant probability Bitcoin's value eventually drops to zero
“Now, I'm not a hundred percent sure of that, but maybe, ah, ah, but I think that there's a certainly a, I would say a quite significant probability that the whole thing just drops to zero, ah, because I have not yet seen any reason why this has to be a valuabl…”
Opinion
Paul Krugman argues Bitcoin mining energy efficiency gains are self-defeating
“Bitcoin is what people are owning now in large value, and any gains in energy efficiency just gets swallowed up very quickly. You just push further into that margin, and it, ah, it, it's, ah, it's a self-defeating form of progress.”
Prediction Didn’t hold up
Paul Krugman predicts only one or two cryptocurrencies will survive
“There will not be 1600 cryptocurrencies out there. There will be one or two.”
Opinion
Krugman: Crypto uses advanced tech to regress monetary history 300 years
“From the point of view of monetary economists, we're exploiting cutting edge, ah, computer science, ah, to set the clock back 300 years.”
Opinion
Krugman: Crypto replaces institutional trust with digital gold-biting
“So, the interesting thing about all of this shift to cryptocurrency is it's saying, let's throw away This technology, it's more, it's a social technology rather than a, you know, a mathematical technology, but let's throw away the social technology of repeated…”