Post
Topic
Board Economics
Re: Joseph Stiglitz: ‘We should shut down the cryptocurrencies’
by
davis196
on 07/05/2019, 06:11:19 UTC
Joseph Stiglitz, a Nobel-Prize winning economist, says cryptocurrencies should be shut down. He worries that they enable illicit activity by making money transactions less transparent.

Still, he sees the value in digital payments systems and supports electronic use of government-backed currencies like the dollar.

“I’ve been a great advocate of moving to an electronic payments mechanism. There are a lot of efficiencies. I think we can actually have a better regulated economy if we had all the data in real time, knowing what people are spending,” he says.



https://www.cnbc.com/2019/05/02/joseph-stiglitz-we-should-shutdown-the-cryptocurrencies.html

All the leftist bullshit."Cryptocurrencies suck,paypal rocks" and the "better regulated economy" bullshit.
Stiglitz you idiot,cryptocurrencies can't be shut down,because as long as there are miners the blockchain will continue to exist.Governments could ban mining,but the miners will go into the darkweb and move into offshore jurisdictions.This level of stupidity makes me mental. Sad