My highpoints from https://www.ccn.com/will-bitcoin-vindicate-nobel-laureate-economist-friedrich-hayek/

1. Idea that  public institutions, such as the US Fed or the ECB, are the only expression of public interest is one of the greatest misconceptions.

Idea that money creation is the exclusive prerogative of sovereign “nation-states” is one of the greatest misconceptions.

2. In 1976,  F.A. Hayek – the 1974 Economics Nobel Prize winner (Austrian School of Economics) – wrote a pamphlet titled “Denationalisation of Money“, in which he foresaw the emergence of privately issued moneys which could compete among themselves and against the governments monopolies.

The governments monopolies prevent the discovery of better methods of satisfying a need for which a monopolist has no incentive.

3. The threat of competition from private monies imposes market discipline on any government that issues currency. If a central bank, for example, does not provide a sufficiently ‘good’ money, then it will have difficulties in implementing allocations. This may be the best feature of cryptocurrencies.

 Hmm... sounds interesting. Especially the findings of Mr Hayek. Probably we are on the way to private monies' marketbut there are sitll some steps to be taken in this direction. So far FIAT retains its dominance in economics. BTC has certainly made huge progress but it can't yet oust FIAT.