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The former chief economist of the World Bank, Joseph Stiglitz Wants Bitcoin Banned.

"Bitcoin is successful only because of its potential for circumvention, lack of oversight," Joseph Stigliz, currently a professor at Columbia University, said in an interview on Bloomberg Television today, as the cryptocurrency reached new all-time highs this week. "So it seems to me it ought to be outlawed. It doesn’t serve any socially useful function."

Who gets to decide what is or isn't a socially useful function?

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