When Worldcoin, the biometric cryptocurrency project, launched on July 24, 2023, three years after its inception, it was met with criticism and concern in most Western nations. In quite a few emerging economies, however, the predominant sentiment was relief. This is because that is where the 2.3 million people who had already sold their […]
The case for (re-)privatizing money: Whoever controls the money, controls everything – and that’s why nobody should.
Arguments, debates and ideas on how to end the state’s monopoly on money have been raging since Friedrich A. von Hayek brought the issue to the academic table, though it was surely a topic of fiery conversations long before that too. However, in terms of actually dethroning fiat money, real, practical progress is lacking. Nevertheless, […]