Peter Šurda: Some misconceptions about Bitcoin, and why it is best left ungoverned

By bozhan, March 24, 2014

Economist Peter Šurda made a case against a hierarchical monetary system in his talk “Why is Bitcoin misunderstood: hierarchical vs. decentralized structure of society”. The barriers set for people to entry the money creation and circulation in a centralized banking system, in combination with discretionary monetary policy, lead to a segmented society that Šurda labels [...]