Crypto currency is uncorrelated with any other economic activity. It protects you against some of the kind of ffiercest forms of securities regulations that out there, because currencies are regulated in entirely different manner than financial securities. In terms of market behavior that's tolerated or band we're still very, very far removed from the kind of regulations that apply for any kind of financial security.
Episode two of our two-part series on cryptocurrency: political theorist Stefan Eich on how crypto fits into Hayek's old neoliberal dream of private money and why that vision emerged in a new form in the wake of the 2008 financial crisis.
Read Stefan's article: static1.squarespace.com/static/5ae8a7b625bf02c0b85aec02/t/5c923c13eef1a1ce843836ff/1553087508427/Stefan+Eich%2C+Old+Utopias%2C+New+Tax+Havens+%282019%29.pdf
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