RATE Group | Wendy McElroy: A Dazzling Explosion of Spontaneous Order
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Wendy McElroy: A Dazzling Explosion of Spontaneous Order

09 Jun Wendy McElroy: A Dazzling Explosion of Spontaneous Order

Posted at 19:01h in Bitcoin News by

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A Dazzling Explosion of Spontaneous Order

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The Satoshi Revolution: A Revolution of Rising Expectations
Section 3: Decentralization
Chapter 8, Part 5
Crypto: A Dazzling Explosion of Spontaneous Order

“Our civilization depends, not only for its origin but also for its preservation, on what can be precisely described only as the extended order of human cooperation, an order more commonly, if somewhat misleadingly, known as Capitalism.”

—Friedrich Hayek, The Fatal Conceit

Cryptocurrency brings order to the monetary realm. It may seem like chaos because the word “order” is often used as a synonym for “uniformity.” Lines of military march in tandem across a parade field, or an entire industry runs by the same mandated standards and practices. By contrast, crypto seems like the…

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