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> , a Nobel laureate in economics, said recently that bitcoin "ought to be outlawed” because it’s designed to evade regulation and "doesn’t serve any socially useful function."

A world where if something is not required it is forbidden is not a world that I want any part of Nobel winner or otherwise.

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It seems to me like you're only taking into account half of the argument (the other half being that it's designed to evade regulation).

Regulation itself is not always "socially useful" for most people

If there is some sort of regulation that is harmful (do you have something specific in mind or is this just a generality?), it seems like the thing to do would be to reconsider that regulation, and not to simply allow a handful of savvy investors to skirt the regulation while the average person is still subject to it.

https://en.m.wikipedia.org/wiki/Regulatory_capture

I am familiar with the concept but don't see how it addresses anything I said to link the Wikipedia article with no commentary.

The Nobel prize in Economics isn't a real Alfred Nobel prize as set aside in his 1985 will, either... So you're not the only one :).

Economics isn't a real science either ...

For anyone who cares to follow up here's a good article about it: https://www.alternet.org/economy/there-no-nobel-prize-econom...

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