The True Crypto Alternative to Government Money

Evan Kuo is the co-founder of Ampleforth (formerly Fragments), a startup developing advanced technological solutions for the stablecoin market, and the former founder of on-demand delivery startup Pythagoras Pizza.

The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.

“I don’t believe we shall ever have a good money again before we take the thing out of the hands of government. That is, we can’t take them violently out of the hands of government. All we can do is by some sly roundabout way introduce something that they can’t stop.” – Friedrich Hayek

In 1976, the Nobel Laureate Friedrich Hayek authored an important and prescient paper titled: “The Denationalization of Money.” proponents love and often quote this work as the rationale for why Bitcoin needs to exist, but Hayek’s original vision looks less like today’s Bitcoin, and more like today’s stablecoins.

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