Economy

Passages

(2,460 posts)

8. Joseph Stiglitz 2018

Reply to mahatmakanejeeves (Original post)

Sun Aug 4, 2024, 08:40 AM

Aug 2024

Nobel prize-winning economist and Columbia University professor Joseph Stiglitz is among those critics.

Although the ledger of transactions that has taken place on the blockchain is public, Stiglitz says the anonymity of bitcoin opens the door for criminal enterprises.

“You cannot have a means of payment that is based on secrecy when you’re trying to create a transparent banking system,” Stiglitz, 75, told the Financial News Monday. “If you open up a hole like bitcoin, then all the nefarious activity will go through that hole, and no government can allow that.”
https://www.cnbc.com/2018/07/09/nobel-prize-winning-economist-joseph-stiglitz-criticizes-bitcoin.html

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