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.htmlThe thing is, everything that has its advantage will also have a disadvantage. Cryptocurrency has a lot of advantages, and there is also disadvantages . I have seen those that claims that cryptocurrency can be used in sponsoring terrorist attacks, okay good, but before there was anything like cryptocurrency, terrorists were being sponsored, but by what? Lol.
If it's by dollars, then we should as well do something about that. Instead of stopping cryptocurrency, we should only be looking for ways to persecute those that makes use of cryptocurrency for evil purposes.