Stablecoins 3.0 - Von Hayek’s Dream: Expert Blog

in blockchain •  7 years ago 

If you are under the impression that the quest for a decentralised currency started in October 2008, when Satoshi Nakamoto posted a whitepaper on a cryptography mailing list at metzdowd.com - you’d be off by about 40 years.

725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xZDM3NzI1YzljYjdiYTA0YjdlNzE0YmJmNDI5Njg5Zi5qcGc=.jpg

In the mid-70’s the Nobel prize winning economist Friedrich August von Hayek published a now nearly forgotten book called The Denationalization of Money in which he made an argument for competitively issued private moneys

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!