{"id":84814,"date":"2018-03-02T16:36:20","date_gmt":"2018-03-02T15:36:20","guid":{"rendered":"https:\/\/www.erasmusmagazine.nl\/en\/?p=84814"},"modified":"2025-12-19T11:22:57","modified_gmt":"2025-12-19T10:22:57","slug":"grote-onzin-om-alle-cryptovaluta-op-een-hoop-te-gooien","status":"publish","type":"post","link":"https:\/\/www.erasmusmagazine.nl\/en\/2018\/03\/02\/grote-onzin-om-alle-cryptovaluta-op-een-hoop-te-gooien\/","title":{"rendered":"\u2018It would be nonsense to lump all cryptocurrencies together\u2019"},"content":{"rendered":"

According to the monetary economist Ivo Arnold, the present crypto mania bears all the hallmarks of an asset bubble<\/a>. Professor of Information Management Peter Vervest (who does invest in bitcoins) wants to put this in perspective: \u201cSimply dismissing this as a hype betrays a misunderstanding of the underlying technology.\u201d<\/p>\n

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Ivo Arnold says this is a bubble. Do you agree?<\/strong><\/p>

\u201cIt\u2019s chaotic for sure \u2013 particularly when you look at the Initial Coin Offerings that have kept popping up since early 2017. All sorts of people are attracted by the promise of getting rich very quickly. At which point they\u2019re basically asking to be duped. You saw exactly the same thing with the public offering of World Online, when everyone thought that anything Internet-related would turn into gold. But we need to distinguish between, occasionally worthless, cryptocurrencies \u2013 which were basically dreamt up to score a quick buck \u2013 and currencies like Bitcoin, which are based on a very solid and revolutionary transaction technology: blockchain.\u201d<\/p>

It\u2019s pure speculation, according to Arnold. This Bitcoin doesn\u2019t represent any underlying assets.<\/strong><\/p>

\u201cNonsense. When you buy a Bitcoin, you buy a share in the global blockchain technology: a worldwide, consensus-based decentralised transaction system. The Ripple, another major cryptocurrency, is already used by banks to settle their correspondent accounts. Before this, banks relied \u2013 and still rely \u2013 on very expensive SWIFT-based systems.\u201d<\/p>\n\t

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Een lijst met artikelen<\/h2>\n\t\t\n\t\t
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