Peter G Klein, Mises Institute’s Executive Director and Carl Menger Research Fellow, explains of the importance of ideology in the evolution of cryptocurrencies.
As the great Austrian economist Ludwig von Mises wrote
The genuine history of mankind is the history of ideas. It is ideas that distinguish man from all other beings. Ideas engender social institutions, political changes, technological methods of production, and all that is called economic conditions. And in searching for their origin we inevitably come to a point at which all that can be asserted is that a man had an idea
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