Sorry. Libertarian philosophy is my bete noire. But the point is evident enough: I highly doubt libertarians can offer a credible macro-economic justification f

Sorry. Libertarian philosophy is my bete noire. But the point is evident enough: I highly doubt libertarians can offer a credible macro-economic justification for the creation of a decentralised currency sustained by the whims of the market alone, and that they rely on the force of a prior moral theory. If the moral theory is void, so is the justification. I'm not sure how you would go about justifying bitcoin on its own terms. Its outside of effective social control, consumes masses of electricity, relies on centralised economies of scales in mining, and doesn't have any use-function apart from being a store of value. I imagine that blockchain technologies will have lots of useful applications down the road, but bitcoin is a primitive piece of technology that probably has a net negative effect on the world.