Today news
About the same in other media
Crypto Meltdown Exposes Hollowness of its Libertarian Promise
Reading now: 543
wsj.comTo its advocates, cryptocurrency is, at its heart, a libertarian project to free mankind from the shackles of government—most of all its power to debase a “fiat” currency by printing more of it. Do Kwon, the South Korean creator of the stablecoin TerraUSD, regularly equated fiat currency to “state violence.”
So when inflation took off, crypto’s supporters were triumphant. Bitcoin’s value “is telling us that the central banks are bankrupt, that we are at the end of the fiat money regime,” venture capitalist and bitcoin investor Peter Thiel declared in April.
Read more on wsj.comAbout this in other media
First-ever insider trading case hits crypto market economictimes.indiatimes.com /1 year ago
Crypto community high on hopes as govt finalises consultation paper economictimes.indiatimes.com /1 year ago
Anonymous culture in crypto may be losing its relevance cointelegraph.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
