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Bitcoin is a game for geeks: nothing more, nothing less. But digital currencies will be the future. It's just that we have still to find the best way to do it.
by kome 13y ago
Bitcoin is a game for geeks: nothing more, nothing less.
But digital currencies will be the future. It's just that we have still to find the best way to do it.
A digital currency with libertarian ideas hardcoded in it is not a good idea. We don't need a new gold.
- Zigurd 13y agoA successful digital currency has to be attractive to people who are free to choose among a variety of digital currencies. That implies it must have properties that are like gold, or perhaps even more compelling in the same ways. Or you have to find a different set of compelling properties. I don't think you can get around the fact that free people have a set of motives that is at cross purposes with governments. If you degrade the ability of governments to seize or control the transfer property and information, the Leviathan starts to look like a 20th c. museum piece. Hobbesianism is at least as dogmatic, rigid, and brittle as big-L Libertarianism.