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.htmlFortunately there is no way to shut down the cryptpcurrency. He worry about bitcoin, it is mean that bitcoin can be something big that can change the world. Many people life changed to be better because of bitcoin, so it can't be a problem in the future. I think more people will agree that bitcoin is better than fiat so there will be less people who want to shut down bitcoin.