In accordance with the European Central Bank, the decentralization of cash made available from bitcoin has its theoretical roots from the Austrian university of economics, Particularly with Friedrich Hayek's The Denationalisation of Money, during which he advocates a whole free industry from the generation, distribution and administration of cash to finish the monopoly of central banking companies.[103]: 22 Sociologist Nigel Dodd argues which the essence of the bitcoin ideology is to remove cash from social, along with governmental, Handle.
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