The Friedrich A. von Hayek Society and the European Center for Austrian Economics Foundation hosted an expert conference on parallel currencies in Düsseldorf on Nov. 15, 2017. Presentations and discussions examined whether relevant blockchain applications and cryptocurrencies such as Bitcoin already constitute denationalized money in the sense of the private alternative currencies, as envisioned by Friedrich August von Hayek, what further developments are on the horizon and what opportunities this new kind of money, which is independent of central banks, can offer in the future. Can the dangers of inflation of fiat money curtailed by these currencies? What can you do today to be prepared for tomorrow’s monetary landscape? What are the dangers you need to look out for?

Luzerner Zeitung: More freedom and independence thanks to digital currencies?
The unbacked monetary system that emerged 50 years ago has increased the ability of politicians to manipulate the currency for their own purposes. Due to the massive debt accumulation and the surge in inflation, it is now reaching its limits. […]