Joachim Voth | Economics. For Society.

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A lottery instead of a currency: #crypto was supposed to establish a brave new world beyond national authorities and legal rules.

Many of the early investors believed that #cryptocurrencies offered the promise of a new financial system.

However, cryptocurrencies are almost completely absent in daily transactions and have been repeatedly hacked.

By treating crypto like #gambling, a clear signal would be sent to investors.

#EconomicsForSociety #UZH #shareUBS
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