"Dr. Doom" predicted the crash of Bitcoin

Professor of Economics at the Stern School of Business at New York University Nouriel Roubini thinks that Bitcoin is a giantic speculative bubble
09 November 2017   2903

Professor of Economics at the Stern School of Business at New York University Nouriel Roubini called the price growth of bitcoin and other crypto-currency "a giantic speculative bubble." He stated this in an interview with Business Insider.

Roubini is also known as Doctor Doom, as he predicted the financial crisis of 2008. Despite the fact that he regards the technology of the distributed ledger as promising, the scientist sees no fundamental factors for maintaining the current price of bitcoin. Roubini also pointed to the lack of "serious" prerequisites for the storage of capital in bitcoin.

The bitcoin feeds on itself. There are no fundamental reasons for its price to reach such levels. What’s more – it is also used by criminals, for their shady business. I think that more and more countries will start to make cryptocurrency exchanges illegal like China did. New regulations will be adopted. So, this will find its end.  
 

Nouriel "Dr. Doom" Roubini

Professor of Economics, Stern School of Business at New York University

It is worth noting that Roubini is not the first to attack the first crypto currency. Back in 2014, he called bitcoin a "financial pyramid" because of the excessive volatility of the price and the closure of the Mt.Gox stock exchange. 

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   121

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.