The future of money — seen from above

Abstract Santiago Mandirola's investment brochure describes a fictional world in which the collapse of the US dollar has transformed the global monetary landscape. This comment analyzes the brochure and its assumptions through the lens of the crypto community. It considers the highly centralized, technocratic vision of monetary governance put forth by the brochure against the crypto community's efforts to build decentralized, consensual alternatives to existing economic institutions. Highlighting crypto's engagement with issues such as inflation and distribution, the comment suggests that Mandirola's brochure overlooks important contemporary debates on economic governance and underestimates the growing significance of non‐state‐led monetary arrangements.