Power and Pitfalls of Digital Finance

This chapter explores the intricate interplay between digital finance, especially cryptocurrencies, and the power dynamics shaping their evolution. It addresses the influence of elites on decentralization efforts, critiques initiatives like Worldcoin, and raises alarm over the societal impacts of biometric digital IDs linked to financial technologies. The discussion underscores the need for critical public engagement as traditional financial structures face potential upheaval from emerging digital currencies.