If Libussa had a Blockchain

The hesitant Austrian writer Franz Grillparzer and his drama “Libussa” from 1848 inspired Herbert Hrachovec and Walter Seitter at the end of a podcast to diagnose contemporary democracies and the role of money. That diagnosis could benefit from a reference to recent developments in monetary systems by bitcoin and blockchain. And the other way around: The “elimination of middlemen” through cryptography and peer to peer networks is an idea that can benefit from hesitation.

 

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