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Consensus is highly valuable. It has paramount power to promote massive collaboration. And thanks to Nakamoto’s ingenious design, cryptocurrencies securely store and transfer the value of consensus. Apart from stable coins, the majority of crypto projects embrace two vertices of the Mundellian Trilemma: monetary autonomy and free capital flow. Now, how should one evaluate these monetary policies? A useful illustration is the Seesaw Mechanism - the more open-minded and willing to benefit the welfare of society, the more likely they would acquire and maintain higher market capitalization. For this very reason, bitcoin has gone through and survived a baptism of fire since its birth in 2009. It was declared dead hundreds of times, yet each time rose from ashes and reached new highs. Humanity entered the consensus era thereafter, and eventually obtained a powerful societal tool to achieve financial fairness and democracy. Proposed by Friedrich Hayek and ultimately realized by the cryptos, the free competition of currencies enables consensus-based, bottom-up, progressive, peaceful and sustained wealth redistributions, which, upon the execution of righteous monetary policy, can fundamentally increase fairness in the distribution of social achievements and foster the continuing growth of civilization.
