Crypto Meltdown Exposes Hollowness of its Libertarian Promise

Crypto Meltdown Exposes Hollowness of Its Libertarian Promise

To its advocates, cryptocurrency is, at its heart, a libertarian project to free mankind from the shackles of government-most of all its power to debase a “fiat” currency by printing more of it. Do Kwon, the South Korean creator of the stablecoin TerraUSD, regularly equated fiat currency to “state violence.”