In accordance with the European Central Lender, the decentralization of cash made available from bitcoin has its theoretical roots in the Austrian school of economics, Primarily with Friedrich Hayek's The Denationalisation of cash, wherein he advocates an entire free market in the production, distribution and administration of cash to finish the monopoly of central banking institutions.[103]: 22 Sociologist Nigel Dodd argues which the essence with the bitcoin ideology is to get rid of income from social, and also governmental, Management.
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