I had a memorable meeting with this guy in 1994 when he was economic adviser to Clinton administration. Today he is the Nobel laureate in economics. He said during an interview with Bloomberg Television that Bitcoin should be 'outlawed'. The comments by Mr. Stiglitz come amid a volatile day for the digital currency, with it having dropped. I deeply respect his brilliant ideas on asymmetric information, where one party to a transaction has more information than the other. It's really helpfull, no doubts. But, you have to agree that the cryptocurrency first of all is a new technologies and fresh point of view on future of finance and money. So, another Nobel laureate Bob Dilon said: “Don’t criticize what you can’t understand.” And I think that is true.
