American Economist Nouriel Roubini has stated that cryptocurrency is more centralized than North Korea in a tweet October 7. New York University professor Roubini, better known as “Dr. Doom” for his alleged prediction of the 2008 Financial crisis, has repeatedly criticized claims that decentralized in cryptocurrency exists.
In his tweet today, the Harvard-educated economist again repeated his argument, this time calling crypto’s decentralization a “myth” and provocatively comparing the phenomenon to North Korea:
Decentralization in crypto is a myth. It is a system more centralized than North Korea: miners are centralized, exchanges are centralized, developers are centralized dictators (Buterin is "dictator for life" ) & the Gini inequality coefficient of bitcoin is worse than North Korea
— Nouriel Roubini (@Nouriel) October 8, 2018
The so-called Gini index is a measure of distribution, often used to evaluate economic inequality in a particular country or region.