F.A. Hayek would adore the concept of competing, globalized, & unregulated currencies (unregulated save for it's own algorithm). And that "Bitcoins, Peercoins,

F.A. Hayek would adore the concept of competing, globalized, & unregulated currencies (unregulated save for it's own algorithm). And that "Bitcoins, Peercoins, Litecoins and other competing crypto-currencies may be as significant today as the first minted coins of the ancients. If crypto-currencies are bullshit because, as the author puts it: "...He made this money out of digits. He made it out of nothing...."Then all fiat currencies are bullshits. What makes crypto-currency worthwhile is that the algorithm keeps it honest and it encourages saving