Joseph Stiglitz, 2001 Noble-Prize winner in Economics and Economics Professor at Columbia University, suggested to shut down the cryptocurrencies in an interview with Andrew Davis on CNBC. He firmly believes that the US dollar has all good attributes and there is no need for cryptocurrencies. He notes that cryptocurrencies enable illicit activities and a large percentage of global wealth held into dark caverns and money transactions are less transparent.
On the other hand, CEO of FiCAS, Ali Mizani Oskui thinks utterly different from Joseph Stiglitz.
Ali Mizani Oskui believes that the changes are imminent and future brings insubordinate changes. He believes that the economy will not prevail if it is not accepting the changes. He also perceives that decentralization of power will strengthen democracy in the future.
In answer to Joseph Stiglitz, FiCAS CEO noted that It is true criminals could employ each important invention, but it is not a good excuse to shut down a whole system and stop trying for a better approach and improvement.
He thinks Satoshi Nakamoto not only deserves a Noble-prize but also tens of economics prizes.
Ali Mizani Oskui sees Blockchain technology and cryptocurrencies as an inseparable part of human being evolution, and he strongly believes that this movement cannot be shut down.
Bellow you can find the full video by Ali Mizani Oskui in response to Joseph Stiglitz.
From now on,
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write for us, tell use about your ideas about the great world of cryptocurrencies.
what do you think about cryptocurrencies? are they a threat or a chance to a better world of finance?
what do you think about Mr. stiglitz’es opinion on shutting down the whole cryptocurrencies?
Can we really shut the whole world of cryptocurrencies down? if so, what happens next?
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