By CCN.com: Nobel-Prize winning economist Joseph Stiglitz believes that cryptocurrencies need to be shut down. Demonstrating precisely zero knowledge of the concept of peer-to-peer networks, he told CNBC that he “actually we should shut down the cryptocurrencies.” Transparency Good, Bitcoin Bad Stiglitz claims he supports digital payment systems because they would help with regulation, saying: “I’ve 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.” Lack of privacy
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* First published on ccn.com
