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.
Ive 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.htmlMeehn, in this world you can never get everyone to be on the same side. Everyone's opinion will always be different in everything. Here we have it, there are people who are in support of bitcoin and there are those who are not in support of it, cause they think it is dangerous and will lead us to a big trouble one day.
I do like bitcoin, though I know that there are some disadvantages as well, but what on earth doesn't have a disadvantage? I like bitcoin and cryptocurrency because they make transactions very fast and the cost is less when compared to other financial institutions.