HCoin to the Moon

On November 1st, 2021, Hcoin was successfully launched on the Himalaya Exchange, a milestone date that goes down in monetary history.

 From thousands of years in the human civilized history, aiming to protect personal assets, the civilizations have developed a sophisticated political order that limits the power of the government to protect their rights. However, there is still one pivotal factor that has long been overlooked, and that is the right to mint, and the right to print money.The government would not voluntarily lock away the printing machines for money, as long as the right to print money is shared with no one other than the government itself. Often this would leave its people no choice but to watch the value of their assets being diluted, while bearing the burden of both money devaluation and soaring inflation rates. In the meantime, the government has set up barriers restricting the transfer of people’s wealth, taking away people’s freedom to manage their own personal assets. The great economist and legal theorist Friedrich Hayek, who saw through all this, proposed “The Denationalization of Money” in 1976, in which he advocated the establishment of competitions in issuing moneys.

 The era of the digital currency started with the emergence of Bitcoin in 2009, based on the blockchain technology. However, Bitcoin together with many other digital currencies holds flaws with regards to user accessibility and business availability. This all changed with the arrival of the HCoin.