The former Nobel Prize winner Joseph Stiglitz has echoed his stance on cryptocurrencies as per a video published by CNBC on May 6. In the video Stiglitz vehemently said that “I actually think we should shut down the cryptocurrencies.” He still believes that cryptocurrencies have dire deficiencies starting with the largest, Bitcoin.
In his opinion, the lack of transparency makes them bad for developing an efficient global economy. He says that money laundering and other illegal activities is part and parcel of digital currencies and only serve to money off “from a transparent platform into a dark platform.”
Stiglitz says that the US dollar does have all the attributes that make it an efficient transfer medium and a store of wealth as opposed to cryptocurrencies which do not have any of the values of a good currency. The economist, however, believes that electronic payment mechanisms are the way to go as long as they have transparency.
>In his opinion, the lack of transparency makes them bad for developing an efficient global economy. >bitcoin
Very hard to take him seriously when he clearly doesn't even understand the very basics of crypto lol. The early adopters of bitcoin were mostly tech illiterate druggies who THOUGHT bitcoin "lacked transparency" and thus would be good for buying drugs lol. Doesn't mean it's actually true.
Parker Wright
>(((Stiglitz)))
YIKES
Levi Rogers
TAKE THIS SHIT BACK TO POL, THANKS DISCORD TRANNYS.
>shut down crypto >shut down the Internet >I'm too stupid to own this Nobel prize; where can I return it?
Landon Morris
he may not be wrong ultimately but he is still extremely disingenuous similar to nouriel roubini. his actual complaint about bitcoin is that it is most likely better money in the long run than any fiat currency but it's not controlled by governments. it's like a horse buggy dealer saying that the automobile industry needs to be shut down in the early 1900s. this guy is a mouthpiece for the current buggy manufacturer in our situation, just like Roubini.
Adrian Campbell
and they will become irrelevant. The boomers will die out soon enough and free us all
Landon Parker
Great take
The fiat system cries out in pain as it strikes you
Parker Collins
>usd is a store of value >has lost 99% of its value over last 100 years
really made me think (((stiglitz)))
Anthony Russell
Other jews.... not even kidding.
I really wonder how he can claim bitcoin lacks transparency..... it's the most transparent platform imaginable.
Actually the opposite is true. Cash is the least transparent payment method as it can actually be untraceable. On the contrary, the Blockchain is public and fully traceable
Sebastian Ramirez
It’s not a real Nobel prize
Julian Cook
((()))
Carson Gonzalez
THE GOYIM, THEY KNOW
SHUT
IT
DOWN
Mason Martin
>I really wonder how he can claim bitcoin lacks transparency him and his handlers are banking on the general population having no idea regarding the technical aspects and functionality of blockchain technology it's why him and his ilk are all so interested in dumbing down the native population while simultaneously displacing native populations by importing hordes of dirt worlders into western nations as they will never contemplate these concepts and make for obedient unquestioning and easily manipulated human livestock. You want to have the proletariat (people who have to work for a living) to live in a precarious position of competing for their labour on the global market. Chomsky came up with a new word that I like, he calls this new precarious proletariat class the "Precariat".
This way you can further drive down wages while maximizing productivity and you pocket the productive gains while simultaneously paying your workers as little as possible and keeping them in constant fear of losing their job to Pedro and Lee who will work for a fraction of the pay a native worker would receive.
It's also why they want to import so much more fresh human meat into their CUNTrees. The native population is already saturated with debt, any newcomers make for fresh debt slaves. They call this system "banking", but we all know that it is slavery by another name. We all work for the banks, our national "leaders" do not follow our direction and are instead placed there by their corporate sponsors. We are under hostile occupation and they are siphoning our time and productivity in order to erect a mind control system known as "modern society" it's a "good boy" prize "science" is the new religion of the modern man, and it is a poor man's religion
>(((transparency))) As in, letting your government and corporations track every penny you spend. No thanks.
Gavin Cook
I know a coin that is compliant with law. Don’t like it? STIFF
Hunter Johnson
nothing is compliant with the (((law))) that's the purpose of their (((law))), to make everyone a criminal such that punishment for breaking their (((law))) is dished out arbitrarily and severely. This is done so as to ensure self-censorship of the population and the rabble.
Mental illness is very rare for the individual, yet it is the rule for congregations of people (mobs, herds, countries, nations, etc.)
