the emergence of currencies that are not controlled by nation states in my lifetime What we expect is the emergence, not of currencies, but of a currency. Mone

the emergence of currencies that are not controlled by nation states in my lifetime What we expect is the emergence, not of currencies, but of a currency. Money is a natural monopoly, and a single currency is the free-market equilibrium. It's the current system of multiple separate floating currencies—each with its own name, exchange rate, and central bank/counterfeiter—that is the anomaly.