Experiments in local currency already make money expire, cap where it can be spent, and reward approved behavior. What happens when the same features are build into a national digital currency, and opting out is no longer an option?
Prediction markets are booming, attracting billions in bets on everything from wars to the weather. But insider trading, perverse incentives and the prospect of heavy-handed regulation raise a question: can they deliver on their promise without doing real damage?
Early crypto idealists envisioned ways to break finance free from government control. But as great power conflict intensifies, cryptocurrencies are becoming the playthings of rival nations.
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