Friedrich Hayek, the Nobel laureate economist, was a visionary thinker who foresaw the limitations of government-controlled money. He argued that the only way to have good money again was to take it out of the hands of politicians and bureaucrats, and to create a free market for money. He suggested that this could be done by some "sly roundabout way" that the authorities could not stop.

Hayek's vision is realized in Bitcoin, the decentralized cryptocurrency that operates without any central authority or intermediary. Bitcoin is based on a peer-to-peer network of computers that validate transactions and secure the network using cryptography. Bitcoin is not issued by any government or institution, but by the collective effort of its users. Bitcoin is not subject to the whims and caprices of politicians, who can manipulate the supply and value of money for their own benefit. Bitcoin is not affected by inflation, deflation, or devaluation, as it has a fixed and predictable supply of 21 million units. Bitcoin is not controlled by any single entity or country, but by a global community of users who can freely exchange value across borders and barriers.

Bitcoin is, in essence, a "sly roundabout way" to introduce good money again, as Hayek envisioned. It is a money that is independent of government interference, that is based on sound economic principles, and that empowers its users to be their own bank. Bitcoin is a money that the state cannot stop.