Megalith
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Bitcoin’s harshest assessment has come from Nobel laureate Joseph Stiglitz, who said that it should be outlawed and is successful only because of its potential for circumvention and lack of oversight. "It doesn't serve any socially useful function." Others say that the currency’s appeal stems from its "anti-government, anti-regulation feel."
Nobel Prize-winning economist Joseph Stiglitz said “bitcoin is successful only because of its potential for circumvention, lack of oversight.” Bitcoin surpassed $11,000 in a matter of hours after hitting the $10,000 milestone, taking this year’s price surge to almost 12-fold as buyers shrugged off increased warnings that the largest digital currency is an asset bubble.
Nobel Prize-winning economist Joseph Stiglitz said “bitcoin is successful only because of its potential for circumvention, lack of oversight.” Bitcoin surpassed $11,000 in a matter of hours after hitting the $10,000 milestone, taking this year’s price surge to almost 12-fold as buyers shrugged off increased warnings that the largest digital currency is an asset bubble.