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A now-overturned decision to ban porn shows how banks and the state interfere with legal activities, and why cryptocurrency is needed.

We’ll probably never know exactly why OnlyFans reversed its short-lived decision to ban porn, but we can always speculate that cryptocurrency was part of it. It shows how the technology doesn’t need mass adoption to help forge more financial and personal freedom. The mere optionality it offers can mitigate financial intermediaries’ ability to exercise arbitrary, extrajudicial power on behalf of governments. It’s the exercise of that power that made OnlyFans’ initial move so disturbing. That’s the topic of this week’s column.
And in this week’s episode of the “Money Reimagined” podcast, Sheila Warren and I kick off an ad hoc series of interviews with crypto OGs. We’ll get key, long-time players in this space to tell their origin stories, share what they’ve learned from their journeys and opine on where it’s all going.

You’re reading Money Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. Subscribe to get the full newsletter here.

For the premiere, we interviewed Austin Hill, who is perhaps best known to crypto people as the first CEO of Blockstream. But he has a far bigger claim to OG status from his pioneering work in the pre-Bitcoin 1990s as an entrepreneur developing businesses built on privacy-preserving cryptography. Hill is an original “cypherpunk” and his take on the world, where it’s headed, and what we need to do to fix it is fascinating.

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