https://www.cnbc.com/2018/07/09/nobel-prize-winnin...

Joseph Stiglitz demonstrates he doesn't understand the concept of value when he states that an open value transaction network for the world which enables individual sovereignty and a hedge against fiat currencies is useless:

"My feeling is when you regulate it so you couldn't engage in money laundering and all these other [crimes], there will be no demand for bitcoin,"

Venezuela is an excellent example of why this is not true.
It is clear he lacks understanding in some of the most basic fundamentals of economics and should have his Nobel prize rescinded.