Ninjastic
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Board Economics
Re: Joseph Stiglitz: ‘We should shut down the cryptocurrencies’
by
RealMalatesta
on 14/05/2019, 11:27:02 UTC
Quote from: SaShiRaJaVu on May 13, 2019, 01:44:06 AM
Quote from: Febo on May 06, 2019, 05:37:27 PM
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.
This is the major problem with all the economist who does not have a clue what they are talking about, he thinks that bitcoin can be shut down  Cheesy a global crack down on all the miners, blockchain is the most transparent thing you can ever get and still he think that it is the opposite, the only thing these prize winning economist can do is to stop giving advice to the things they cannot understand  Tongue.
Because they are public figure, they think it’s everything they say to the world that people will take, he knows the truth too and he is just trying to still sell himself by doing the opposite. He has not even listed the damages cryptocurrency will cause to the world, because it is only when something can damage the world that requires being globally shut down.

Bitcoin is now a global issue that is beyond the decision of just one single government, and except governments of the whole world comes together before they can succeed in shutting crypto down, which is where the hitch will start from, because we have some government that has already adopted cryptocurrency.