{"id":3392,"date":"2026-06-25T13:33:22","date_gmt":"2026-06-25T10:33:22","guid":{"rendered":"https:\/\/fxknews.com\/?p=3392"},"modified":"2026-06-25T13:33:23","modified_gmt":"2026-06-25T10:33:23","slug":"roubini-kripto-paralarin-cogu-gercek-bir-degeri-olmayan-hayali-yazilim","status":"publish","type":"post","link":"https:\/\/fxknews.com\/?p=3392","title":{"rendered":"Roubini : Kripto Paralar\u0131n \u00c7o\u011fu Ger\u00e7ek Bir De\u011feri Olmayan &#8220;Hayali Yaz\u0131l\u0131m&#8221;"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Nouriel Roubini, kripto projelerinin b\u00fcy\u00fck \u00e7o\u011funlu\u011funun hi\u00e7bir temeli olmad\u0131\u011f\u0131n\u0131 s\u00f6yl\u00fcyor ve Bitcoin ile ba\u015flayan neredeyse yirmi y\u0131ll\u0131k blockchain geli\u015ftirme \u00e7abalar\u0131n\u0131n yaln\u0131zca tek bir ger\u00e7ek kullan\u0131m alan\u0131 \u00fcretti\u011fine dikkat \u00e7ekiyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cDr. Doom\u201d lakapl\u0131 ekonomist, Atlas Capital CEO\u2019su Reza Bundy ve Securitize kurucusu Carlos Domingo ile birlikte kat\u0131ld\u0131\u011f\u0131 BeInCrypto Expert Council podcast\u2019inde ICO d\u00f6nemi ve genel olarak altcoin piyasas\u0131na dair olduk\u00e7a a\u00e7\u0131k s\u00f6zl\u00fc bir de\u011ferlendirme yapt\u0131.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">\u0130\u00e7indekiler<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/fxknews.com\/?p=3392\/#Buyuk_Basarisizlik_Orani_ve_Dolandiricilikla_Yogrulmus_Piyasa\" >B\u00fcy\u00fck Ba\u015far\u0131s\u0131zl\u0131k Oran\u0131 ve Doland\u0131r\u0131c\u0131l\u0131kla Yo\u011frulmu\u015f Piyasa<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/fxknews.com\/?p=3392\/#Roubininin_karari_net\" >Roubini\u2019nin karar\u0131 net:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/fxknews.com\/?p=3392\/#Stablecoinler_Ayakta_Kalan_Tek_Uygulama\" >Stablecoin\u2019ler: Ayakta Kalan Tek Uygulama<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Buyuk_Basarisizlik_Orani_ve_Dolandiricilikla_Yogrulmus_Piyasa\"><\/span>B\u00fcy\u00fck Ba\u015far\u0131s\u0131zl\u0131k Oran\u0131 ve Doland\u0131r\u0131c\u0131l\u0131kla Yo\u011frulmu\u015f Piyasa<br><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Roubini\u2019nin ICO patlamas\u0131na dair de\u011ferlendirmesi umut vaat eden neredeyse hi\u00e7bir y\u00f6n b\u0131rakm\u0131yor. Bug\u00fcne kadar piyasaya s\u00fcr\u00fclen 20.000 ilk coin arz\u0131 (ICO)\u2019nun yaratt\u0131\u011f\u0131 zarar\u0131n sadece piyasa kay\u0131plar\u0131yla s\u0131n\u0131rl\u0131 olmad\u0131\u011f\u0131n\u0131 s\u00f6yledi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201820.000 ICO\u2019nun %80\u2019i ba\u015ftan doland\u0131r\u0131c\u0131l\u0131kt\u0131\u2026 Bir\u00e7ok \u015feyin temeli yok. Tamamen havada kalan, inan\u00e7 \u00fczerine kurulu projeler.\u2019 dedi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Matematik burada bitmiyor. Roubini\u2019ye g\u00f6re, doland\u0131r\u0131c\u0131 olmayan projelerin ise %70\u2019i t\u00fcm de\u011ferini kaybetti. Ayakta kalan az say\u0131daki altcoin ise, ki bunlara en b\u00fcy\u00fck on kripto para da dahil, t\u00fcm zamanlar\u0131n en y\u00fcksek seviyesinden %50 ila %60 aras\u0131nda de\u011fer kayb\u0131 ya\u015fad\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nitekim, Bitcoin 24 Haziran\u2019da k\u0131sa bir s\u00fcreli\u011fine 60.000 dolar seviyesinin alt\u0131na d\u00fc\u015ft\u00fc; bu, 126.080 dolar ile ula\u015ft\u0131\u011f\u0131 t\u00fcm zamanlar\u0131n en y\u00fcksek seviyesinin %50\u2019den fazlas\u0131 oran\u0131nda geri \u00e7ekilmesi anlam\u0131na geliyor.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Roubininin_karari_net\"><\/span>Roubini\u2019nin karar\u0131 net: <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Zincirde in\u015fa edilen projelerin neredeyse tamam\u0131, ger\u00e7ek bir varl\u0131k ya da fayda sunmak yerine, sadece inan\u00e7 \u00fczerinden yap\u0131lan spek\u00fclatif bir bahis konumunda. ICO doland\u0131r\u0131c\u0131l\u0131klar\u0131n\u0131n ge\u00e7mi\u015fi de bunu g\u00f6zler \u00f6n\u00fcne seriyor: Lansmandaki \u201cpump-and-dump\u201d (\u015fi\u015fir ve bo\u015falt) senaryolar\u0131 ve fon toplad\u0131ktan sonra ortadan kaybolan projeler bunun kan\u0131t\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Roubini, y\u0131llard\u0131r kripto piyasas\u0131na benzer sert ele\u015ftiriler getiriyor. 2019\u2019da Ethereum\u2019un kurucusu Vitalik Buterin ile ger\u00e7ekle\u015fen tart\u0131\u015fmada ekosistemi a\u015f\u0131r\u0131 merkezile\u015fmi\u015f ve manip\u00fclasyonlarla dolu olarak nitelendirmi\u015fti. Ayr\u0131ca, ABD Kongresi\u2019nde yapt\u0131\u011f\u0131 a\u00e7\u0131klamada blockchain\u2019in insanl\u0131k tarihinin en i\u015fe yaramaz teknolojisi oldu\u011funu da belirtti.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Stablecoinler_Ayakta_Kalan_Tek_Uygulama\"><\/span>Stablecoin\u2019ler: Ayakta Kalan Tek Uygulama<br><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Piyasan\u0131n b\u00fcy\u00fck b\u00f6l\u00fcm\u00fcn\u00fc g\u00f6zden \u00e7\u0131karsa da Roubini\u2019nin \u00e7al\u0131\u015f\u0131r buldu\u011fu tek bir \u00fcr\u00fcn var.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018Neredeyse 20 y\u0131l ge\u00e7ti; kriptoda b\u00fcy\u00fck, ger\u00e7ekten ba\u015far\u0131l\u0131 uygulama ne? Stablecoin\u2019ler.\u2019 dedi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ancak bu onay, bir uyar\u0131 ile geliyor. Roubini\u2019ye g\u00f6re stablecoin\u2019ler, itibari paran\u0131n dijital bir kabu\u011fundan ibaret ve bu y\u00fczden ayn\u0131 de\u011fer kayb\u0131 risklerini ta\u015f\u0131yor. Y\u00fcksek enflasyonlu \u00fclkelerde \u00f6deme arac\u0131 olarak i\u015fe yar\u0131yorlar; fakat ger\u00e7ek bir getiri sunmuyorlar ve kripto paralar\u0131n ilk ba\u015fta cazip olmas\u0131n\u0131 sa\u011flayan para birimi risklerine kar\u015f\u0131 koruma sa\u011flam\u0131yorlar.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bu ayr\u0131m, yani \u00f6demelerde kullan\u0131\u015fl\u0131 ama de\u011fer koruma konusunda zay\u0131f olmalar\u0131, Roubini\u2019nin tokenize edilmi\u015f ger\u00e7ek d\u00fcnya varl\u0131klar\u0131n\u0131n bir sonraki ad\u0131m olaca\u011f\u0131 g\u00f6r\u00fc\u015f\u00fcn\u00fcn temelini olu\u015fturuyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Podcast\u2019teki bu a\u00e7\u0131klama, Roubini a\u00e7\u0131s\u0131ndan da dikkate de\u011fer bir de\u011fi\u015fim anlam\u0131na geliyor. Daha \u00f6nce t\u00fcm kripto paralar\u0131 kamuya a\u00e7\u0131k platformlarda tamamen doland\u0131r\u0131c\u0131l\u0131k olarak nitelendiriyordu. \u015eimdi ise spek\u00fclatif token\u2019lar\u0131 h\u00e2l\u00e2 bir de\u011feri olmayan varl\u0131klar olarak g\u00f6rse de, ger\u00e7ek ve do\u011frulanabilir teminat\u0131 olan tokenize varl\u0131klar\u0131 farkl\u0131 bir yere koyuyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">E\u011fer Roubini\u2019nin rakamlar\u0131 do\u011fruysa, altcoin piyasas\u0131n\u0131n uzun vadeli karnesi 20.000 projede neredeyse tamamen kayba i\u015faret ediyor ve bu b\u00fcy\u00fck deneyin ayakta kalan tek \u00fcr\u00fcn\u00fc stablecoin\u2019ler olarak \u00f6ne \u00e7\u0131k\u0131yor. &#8211; Beincrypto<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nouriel Roubini, kripto projelerinin b\u00fcy\u00fck \u00e7o\u011funlu\u011funun hi\u00e7bir temeli olmad\u0131\u011f\u0131n\u0131 s\u00f6yl\u00fcyor ve Bitcoin ile ba\u015flayan neredeyse yirmi y\u0131ll\u0131k blockchain geli\u015ftirme \u00e7abalar\u0131n\u0131n<\/p>\n","protected":false},"author":1,"featured_media":3395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[7],"tags":[23,24],"class_list":["post-3392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kripto-paralar","tag-bitcoin","tag-kripto-para"],"_links":{"self":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/3392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3392"}],"version-history":[{"count":1,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/3392\/revisions"}],"predecessor-version":[{"id":3394,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/3392\/revisions\/3394"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/media\/3395"}],"wp:attachment":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}