A sign of Success
The Big Boys Have Noticed
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The former chief economist of the World Bank wants bitcoin banned.
"Bitcoin is successful only because of its potential for circumvention, lack of oversight," Joseph Stigliz, currently a professor at Columbia University, said in an interview on Bloomberg Television today, as the cryptocurrency reached new all-time highs this week.
Because of this, he added:
- "So it seems to me it ought to be outlawed. It doesn’t serve any socially useful function."
However, Stiglitz, who also chaired the U.S. President's Council of Economic Advisers during the Clinton Administration, said he does support technological innovation in payments, but thinks digital money should still be fiat created and controlled by the government.
Bankers should be banned!
Replaced by blockchain!
I know that
you know that
and
HE knows that.
so he's panicing.
Wetting their pants over it!
it's a beautiful sight..........
someone wrote today: and what when the dollar is the bubble. I do really not think the bitcoin can go away anymore. In the whole crypto market there is more capital involved as at the us bank, i read.
yes - @lukestokes - very interesting perspective - very clever
Well, of course they want it banned. They can't control it, they can't tax it, they can't take it away from you. The Central bank is the biggest fraud in the world, and serves only to keep the rich richer, and the poor poorer.
you can't fight city hall
but you can go around them.
make new stuff that makes them obsolete and useless.
and ignore them.
by the way...keep the rich richer, and the poor poorer.
that's bogus.
With crypto market caps moseying past $300bn, I guess this "trend" is becoming harder and harder to ignore.
I wish them LOTS of luck with trying to "outlaw" it... I don't think they understand what it would take to kill a snake that doesn't have a head...
If every single government outlawed it - they won't - then it would just become an underground economy.
It's too late. They should have banned it while they were laughing at the idea if they even wanted to stand a chance of stemming the tide.
like I always say...once an organization exceeds the build strength of the materials it is built from it begins to act erratic and will eventually collapse of it's own weight.
a house of cars as it were.
Dunbar's number, monkeysphere...yadda yadda...you've heard me say it all before.
big, slow and stupid
cannot compete
with small smart and agile..
if BitCoin keeps up pretty soon it will be worth almost as much
as an apartment complex in San Francisco.
I like your post ! Keep publishing interesting articles. If you wish, you can check my posts @mike26
close minded and/or selfish fools
This man must be a joker...
What a hoot. The bankers will lose. The free market will prevail.