The one thing that’s missing, but that will soon be developed, it’s a reliable e-cash. A method where buying on the Internet you can transfer funds from A to B, without A knowing B or B knowing A.
Some people have the privilege of predicting what will happen way before the rest of humans realize it. Nearly two decades before the Bitcoin network revolutionized the digital world, Nobel Laureate Milton Friedman foresaw the emergence of digital currencies. He died just two years before the domain name bitcoin.org was registered in August 2008. He anticipated the rise of digital currencies in an interview back in 1999.
Friedman’s vision was not just about the technology itself but about the broader implications for economic freedom and privacy. In 1962, his Capitalism and Freedom book, which continues to be in print with nearly one million copies sold, pointed the way.
It would be beautiful to have a chance to interview him today, after Bitcoin, the king of cryptocurrencies reaches its maturity setting a new ATH and facing what seems to be a huge upward cycle.
For those who still believe this amazing new technology can transform the way the world will transform monetary systems, his book is a must-read, and probably one of those to re-read every once in a while. You can use the digital version I linked in this post, get his 40th anniversary edition on Amazon, or purchase the original version is sold for more than €7000 at original used book stores.
