Bitcoins, an alternative to Government issued fiat currency

Haven’t heard of Bitcoins? Well that’s quite likely. It’s extremely likely if you’re from Boulder and have the trust in government of the typical Boulderite. That said, there’s room for distrust in banks from both liberal/Progressives, Conservatives/Tea Partiers and of course Libertarians…

What Every Libertarian Should Know About Bitcoin

Support for Bitcoin amongst Austrian economists is growing by they day and in this interview, the highly admired and respected Tom Woods, discusses Bitcoin with Erik Voorhees of Bitinstant (a
popular, rapid way of converting fiat into BTC).  This interview very poignantly addresses many of the layperson’s concerns about it that I have heard over the  past several months.  Remember, despite the price rise, Ben Bernanke is still creating the equivalent of 75 Bitcoin markets every month with his money printing.

 

If you have even a passing interest, follow the link and watch the video.

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