I've done some reading. This idea is about refining the concept of money, to give control to the agents and remove the untrustworthy and incompetent regulatory

I've done some reading. This idea is about refining the concept of money, to give control to the agents and remove the untrustworthy and incompetent regulatory control. Interesting indeed. However the mechanics of maintaining stability as described by Hayek are largely the same, it's only the controlling party who has changed. Edit: And back to the point - Bitcoin has no controlling party, it cannot be manipulated in this way at all. It cannot respond to business cycles.