The legacy of cypherpunk in the modern economy

Kris Kaleta

Economic Affairs, 2025, vol. 45, issue 2, 244-260

Abstract: This article explores how the cypherpunk movement – advocating privacy, digital sovereignty, and digital decentralisation – shaped modern economic paradigms, particularly cryptocurrencies and decentralised finance. Originating in the late twentieth century, its principles laid the groundwork for blockchain technologies and challenged state‐centric monetary systems. The analysis connects cypherpunk ideology to historical debates on money and governance, evaluating its implications for the contemporary institutional framework. By tracing the evolution of these ideas, the study underscores their enduring influence on twenty‐first century economic practices, illustrating how decentralised systems redefine agency and accountability in economic interactions.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:bla:ecaffa:v:45:y:2025:i:2:p:244-260

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