Money 2.0 Stuff: If only we had real-time economic data!

Nobel Prize winning Economist Joseph Stiglitz has called for a shutdown of cryptocurrencies, which is pretty funny, if your sense of humour is so disposed, when you consider that the one thing cryptocurrencies are actually quite good at right now is being difficult to shut down. Ha ha ha. Take that, Joe.  

Typically this type of introduction would naturally be followed by a verbose tirade as to why, on the contrary, sir, cryptocurrencies shouldn’t be shut down, why public calls for the destruction of innovative technological and monetary experimentation from highly respected economists only signals how early we still are and how much sweet, sweet upside still remains etc., etc. But that would be rather trite and unproductive. Like Warren Buffett, Jamie Dimon, and many other titans of finance, Professor Stiglitz is entitled to his perspective and we would do well to heed it, as he would do well to heed our rebuttals, while all of us remain hyper-conscious that, ultimately, no individual opinion matters: only the market decides. Moving on.