There are bad ideas, and then there are ideas that sound like they were brainstormed by people who have been locked in a conference room with too many consultants and not enough shame.

This is one of those ideas.

The Board of Peace, the body meant to oversee postwar Gaza’s reconstruction, is looking into a US dollar-pegged stablecoin to help “boost” Gaza’s economy.

A stablecoin. For Gaza.

Apparently somebody looked at bombed-out neighborhoods, shattered hospitals, displaced families, broken banks, and a devastated civilian economy and thought: what if we added crypto. You almost have to respect the sheer nerve of it. Not the wisdom. Definitely not the morality. Just the nerve.

This is not just being pitched as a way to help ordinary Palestinians buy food, pay bills, or keep commerce moving. It is also being imagined as a tool of control. A way to digitize economic life in a place that has already been brutalized, monitored, and squeezed from every........

© The Times of Israel (Blogs)