Freitas, Luís Pedro; Cerdeira, Jorge; Lourenço, Diogo - In: Economies : open access journal 13 (2025) 1, pp. 1-17
The rise of cryptocurrencies over the past decade has promised to challenge the dominance of fiat money systems and … explores why cryptocurrencies have not met the expectations of their proponents, particularly those who saw them as a step … towards Friedrich Hayek's vision for competitive currency issuance. While cryptocurrencies reflect some aspects of Hayek …