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I see all these people calling themselves libertarians arguing against BTC but I have yet to see why BTC would fail. I hate this "BTC is not money" argument be

I see all these people calling themselves libertarians arguing against BTC but I have yet to see why BTC would fail. I hate this "BTC is not money" argument because the core foundation of liberalism states basically "money is what people voluntarily choose to use as money". So if they are convinced that BTC works (works at least better than some alternative) , why shouldn't they use it as money? Volatility is not an argument. Before "adoption" of USD and gold as money, they most probably were volatile as well...

joezydeco 13y ago
This is a fun NPR "Planet Money" podcast where they travel to a libertarian summer festival dedicated to trading goods and services strictly in gold and silver. It's...awkward. http://www.npr.org/blogs/money/2013/07/05/198413086/episode-286-libertarian-summer-camp http://www.npr.org/blogs/money/2013/07/05/198413086/episode-... One of the biggest problems is that the rate is constantly changing just like Bitcoin. And that rate is in US Dollars, the currency they're trying to abandon.
lake99 13y ago
There is no consensus among libertarians about BTC. The mistake that Gary North makes here is in assuming there is one. He is entitled to voice his opinions, and he does come across as being prescriptivist. However, as long as he does not contribute to creating laws and regulations against BTC, I'm quite comfortable with anything he has to say about the matter.