What’s Innovative About Cryptocurrency and Hayek’s “Free Market Money”? — Some Understated Obstacles in the Race for Blockchain Patents
If we are going to be fair, the cryptocurrency idea dates back to almost forty years ago. In an article published in the Wall Street Journal on August 19, 1977, Friedrich Hayek — the economist and philosopher whose work on a theory of money earned him a Nobel Prize — anticipated that many different types […]