Nobel-winning Economist: Authorities Will Bring Down ‘Hammer’ on Bitcoin
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.