The settlement of sound money couldn’t keep up with the Information Age, and over 50% of all gold is held by US, Germany, IMF, Italy & France. Cypherpunks envisioned separation of money and state through decentralized open source network based on proof of work and encryption.
"The state's ability to fund its wars through fiat money has led to a situation where war has become a permanent feature of modern society. The state can now wage war without having to worry about the financial consequences, and this has led to a proliferation of wars and military conflicts around the world."
- Hans-Hermann Hoppe
"The Economics and Ethics of Private Property" (1993)
