Silverstein: T Curse of Cash." premise of that is bills in large part of tax evasion and think the solution then like a cryptocurrency. addresses this in your you don't think solution to the bill problem?
Rogoff: bitcoin — it is a wanting to launder will eventually have to I think someday will issue
private sector invented then the government , took it over — different Same thing with paper invented it, governmen will be different? evangelist say, "no, no, They will not touch us." he monetary system, the they will change the rules. will happen here
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Silverstein:hat ten years from now ryptocurrency will exist will have taken over?
Rogoff: government will have a muc generation that's used not anonymous transactions. government really has technologies here, but like with the internet little bit like point a cryptocurrency 2.0t's not anonymous. debit cards, credit cards, ideas out there. people who are rushing to just trying to make money. here at Davos.
Silverstein: question to answer, understand exactly where comes from and it's already value do you think will be and it loses its
Silverstein: but bitcoin in particular?
Rogoff: particular, I think it's $100 than $100,000 to zero, because they'll be maybe even Russia that sorts of financial launder money." going to wipe it out. governments use it. government, it's not going it's not going to be legal unless it's not anonymous funny just the energy that