[2017-07-07] Nobel Laureate Milton Friedman Predicted Bitcoin Era 17 Years Ago

[Terraformer]

In 1999, US economist and Nobel prize winner in Economics Milton Friedman aptly predicted  the rise of digital currencies such as Bitcoin.

Friedman is considered one of the most influential economists and thinkers of the 20th century. Heading of the the Chicago School of Economics, he was a strong advocate of economic liberty, free markets and free enterprise.

In an interview conducted by NTU/F in 1999, Friedman said:

    “The one thing that’s missing, but that will soon be developed, it’s a reliable e-cash. A method where buying on the Internet you can transfer funds from A to B, without A knowing B or B knowing A. The way in which I can take a 20 dollar bill and hand it over to you and there’s no record of where it came from. And you may get that without knowing who I am. That kind of thing will develop on the Internet.”

Part of the interview:
https://www.youtube.com/watch?v=6MnQJFEVY7s


https://cointelegraph.com/news/Nobel%20Laureate%20Milton%20Friedman%20Predicted%20Bitcoin%20Era%2017%20Years%20Ago

[buwaytress]

How exciting. I could also say that, circa 1555 to 1556, Michel de Nostredame in his series of Les Propheties Predicted the Bitcoin Era in the 21st century.

Century 1
Quatrain 40
...there will go forth a man who wants
the edict withdrawn, changing money and standards.

Quatrain 53
...when a new source of gold and silver is discovered.