A gold plated souvenir Bitcoin coin is arranged for a photograph on a smart phone displaying current value of a single bitcoin, and options to buy or sell, on an app for the digital asset broker, Coinbase, in London on November 20, 2017. (Photo credit: JU
As the cryptocurrency Bitcoin reached new heights in market trading, surpassing for the first time ever the price of $11,000 per bitcoin, some are not quite as bullish on its prospects and question its very nature.
In an interview with Bloomberg television, Nobel-Prize-winning economist Joseph Stiglitz said that bitcoin creates no value for society and only works by getting around the role of the government in controlling currency and as such should be outlawed.Stiglitz, who teaches at Columbia University, is a former senior…
The post Why This Nobel Prize-Winning Economist Thinks Bitcoin Should Be “Outlawed” appeared first on FeedBox.