{"id":306,"date":"2025-04-11T18:30:00","date_gmt":"2025-04-11T18:30:00","guid":{"rendered":"https:\/\/poderemercado.com.br\/?p=306"},"modified":"2025-04-10T23:02:12","modified_gmt":"2025-04-10T23:02:12","slug":"criptomoeda-e-dinheiro-a-origem-de-um-mercado-sem-estado","status":"publish","type":"post","link":"https:\/\/poderemercado.com.br\/en\/criptomoeda-e-dinheiro-a-origem-de-um-mercado-sem-estado\/","title":{"rendered":"Is Cryptocurrency Money? The Origin of a Stateless Market | Part 1"},"content":{"rendered":"

In a world where the value of money is constantly eroded by inflation, interest rate manipulation and opaque monetary policies, a group of libertarian programmers decided to do something unprecedented: create a currency that could not be controlled by the State.<\/strong><\/p>\n\n\n\n

The birth of Bitcoin<\/strong>, in 2009, was more than a technological experiment. It was a direct response to the 2008 financial crisis \u2014 an attempt to build a decentralized, voluntary and transparent monetary system<\/strong>, where trust would not depend on central banks, governments or banks.<\/p>\n\n\n\n

But the question remains: Is cryptocurrency money?<\/strong><\/p>\n\n\n\n

\n\n\n\n

What is money? An Austrian reminder<\/h3>\n\n\n\n

The Austrian School of Economics has always understood money as an emergent good\u2014not imposed by decree, but freely chosen by the market<\/strong> over time for its usefulness as a medium of exchange.<\/p>\n\n\n\n

\n

As taught Carl Menger<\/strong>, money appears spontaneously. And as reinforced Mises<\/strong>, it needs acceptance, scarcity and divisibility \u2014 not state endorsement.<\/p>\n<\/blockquote>\n\n\n\n

In this logic, the cryptoeconomy is a legitimate revolution. Bitcoin did not need legislative approval, five-year plans or subsidies. He earned his place on merit \u2014 and out of necessity.<\/strong><\/p>\n\n\n\n

\n\n\n\n

Why did state money fail?<\/h3>\n\n\n\n
    \n
  • Chronic inflation:<\/strong> Central banks flood the economy with paper money that is detached from any real basis.<\/li>\n\n\n\n
  • Deficits financed via money printing:<\/strong> The taxpayer pays the bill for fiscal irresponsibility with a loss of purchasing power.<\/li>\n\n\n\n
  • Control and tracking:<\/strong> The traditional banking system operates as an extension of state power, with surveillance, freezes and blocks.<\/li>\n<\/ul>\n\n\n\n

    Cryptocurrency is therefore born, as a reaction<\/strong>, not as fashion.<\/p>\n\n\n\n

    \n\n\n\n

    Cryptos as a Store of Value (and More)<\/h3>\n\n\n\n

    Bitcoin is digital gold not only because it is scarce (limited to 21 million units), but because it is uncensorable, transferable and programmable<\/strong>. In countries with authoritarian regimes, out-of-control inflation or bank exclusion, it works as a real alternative to the national currency<\/strong>.<\/p>\n\n\n\n

    It\u2019s no wonder that countries like Argentina, Nigeria, and Venezuela are leading the way in crypto usage outside of major financial centers. And more recently, El Salvador adopted Bitcoin as legal tender.<\/p>\n\n\n\n

    \n\n\n\n

    Is money without government possible?<\/h3>\n\n\n\n

    If the market can decide what is money, why accept only the state's currency?
    Experience with cryptocurrencies shows that currencies can be born from freedom, not from imposition.<\/strong><\/p>\n\n\n\n

    \n

    As I said Hayek<\/strong>: \u201cI don\u2019t believe we\u2019ll have a good currency again until we take that right out of the hands of the government.\u201d<\/p>\n<\/blockquote>\n\n\n\n

    The idea of multiple currencies competing against each other \u2014 private, digital, decentralized \u2014 is not only viable, but desirable to preserve individual freedom and contain the power of the financial Leviathan.<\/p>\n\n\n\n

    Conclusion<\/h3>\n\n\n\n

    Cryptocurrencies are more than speculative assets. They are technological manifestations of a philosophical revolt against monetary tyranny<\/strong>.<\/p>\n\n\n\n

    And the correct question is no longer \u201cis cryptocurrency money?\u201d, but rather:
    \u201cWhy does the state have a monopoly on what we can use as money?\u201d<\/strong><\/gwmw><\/p>\n\n\n\n

    <\/gwmw><\/gwmw><\/gwmw><\/p>\n\n\n\n

    <\/gwmw><\/p>","protected":false},"excerpt":{"rendered":"

    O surgimento do Bitcoin foi uma resposta \u00e0 crise do dinheiro estatal, n\u00e3o uma simples inova\u00e7\u00e3o tecnol\u00f3gica. Este artigo revisita as ra\u00edzes do dinheiro segundo a Escola Austr\u00edaca, analisa por que as criptomoedas emergem como alternativas leg\u00edtimas ao sistema fiduci\u00e1rio e defende que o livre mercado, n\u00e3o o governo, deve decidir o que \u00e9 ou n\u00e3o \u00e9 moeda.<\/p>","protected":false},"author":1,"featured_media":308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow55rbCw:productID":"","footnotes":""},"categories":[154,159,158],"tags":[162,163,144,164,168,165,167,166],"class_list":["post-306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-liberdade-e-sociedade","category-serie-criptomoedas-e-liberdade-a-revolucao-que-o-estado-nao-controla","category-series-speciais","tag-bitcoin","tag-criptomoedas","tag-descentralizacao","tag-dinheiro-e-liberdade","tag-escola-austriaca-2","tag-hayek","tag-ludwig-von-mises","tag-rothbard"],"_links":{"self":[{"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/posts\/306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/comments?post=306"}],"version-history":[{"count":0,"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/posts\/306\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/media\/308"}],"wp:attachment":[{"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/media?parent=306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/categories?post=306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/tags?post=306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}