Euros (Imelda/Unsplash, modified using Photomosh)
Pascal Hügli is the Chief Research Officer at , in Switzerland, and author of the book .
Tribal fighting between Bitcoiners and Ethereans is unabated. Bitcoin is understood as “money crypto,” while Ethereum is “tech crypto.” Bitcoin is sound money that will . Ethereum, on the other hand, is seen as better tech that will . The conflict is incomprehensible to outsiders, and each community says the other has not understood the crypto world’s actual goal and ethos.
You could imagine this conflict going on for years, a sort of Game of Thrones for blockchain. But there’s another – more hopeful – way of imagining the future. Conceivably, the future will be one where Bitcoin and Ethereum gain greater relevance alongside each other (as Michael Casey argued in his ). Both “money crypto” and “tech crypto” will play their roles. It might just not be in the pure sense envisioned by either of the two maximalist groups.
We are currently under a crushing dollar yoke. Back in the 19th century, many parts of the world had . Banks were unrestricted competitive issuance of currency and deposit money on a convertible basis. But gradually the paradigm of free banking faded away and state-orchestrated fiat currency took hold.