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Author Topic: Bitcoin "ought to be outlawed", says former chief economist of World Bank!  (Read 332 times)

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Offline Geremia

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Bitcoin "ought to be outlawed", says former chief economist of World Bank!
« on: November 30, 2017, 09:25:50 AM »
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    • Bitcoin 'Ought to Be Outlawed,' [Jєωιѕн] Economist Joseph Stiglitz Says (source):



    The globalists are clearly threatened by Bitcoin.
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    Offline Geremia

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    Re: Bitcoin "ought to be outlawed", says former chief economist of World Bank!
    « Reply #1 on: November 30, 2017, 10:09:24 AM »
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    • To outlaw bitcoin would entail complete governmental control of the internet, because bitcoin is decentralized.
    He also is wrong in thinking bitcoin's value is purely due to exchange; bitcoin also obtains its value by the work of those who validate its transactions (miners).
    "One of the main functions of government is to create currency."‽ It certainly has be a function of government to do that, but is creation of currency a "main function" of government?
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    Offline Geremia

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    Re: Bitcoin "ought to be outlawed", says former chief economist of World Bank!
    « Reply #2 on: November 30, 2017, 10:19:33 AM »
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    • "They're [cryptocurrency users] relying on a Marxist theory of value and looking at the value of exchange." Isn't the Marxist theory of value that labor creates value?
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