Milton Friedman Predicts Bitcoin In 1999

Words
103
Reading
1 min
Listen
Play
9y


Milton Friedman in 1999: "The internet is going to be one of the major forces for reducing the role of government. The one thing that is missing is a reliable e-cash, a method by which on the internet you can transfer funds from A to B anonymously."

In this interview, Friedman, who is famous for the stockholder model of business ethics accurately forecasts the need for a reliable e-cash that allows individuals to send money online anonymously. Who knew that this forecast would come true only a decade later with cryptocurrencies such as Bitcoin and Litecoin being invented in 2009.


▶️ DTube
▶️ IPFS
Milton Friedman Predicts Bitcoin In 1999 | Ecency