The Bloomsbury Intelligence and Security Institute (BISI) produced a document yesterday about the risk of cryptocurrency to democracy . Seriously? Cryptocurrency is a libertarian dream that gives all of us a democratic vote. What risk is there?

Well, let’s dig into the detail as this is not about “innovation in payments” or “the future of money”. It’s about power.

Every time we talk about crypto, we frame it as a technology shift from blockchain to decentralisation to tokens to whatever the buzzword of the week is. But the report makes a far more uncomfortable point. Cryptocurrency is all about a shift in who manages money, who sees money, and ultimately, who controls society … and that’s where it gets dangerous.

Start…