Bitcoin, Ethereum and other cryptocurrencies are surging in value, at least for the moment. That is also causing a surge in attention.
Governments are wary of cryptocurrencies for the same reasons that libertarians love them. As Wikipedia puts it:
In centralized banking and economic systems such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units of fiat money or demanding additions to digital banking ledgers.
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Bitcoin and Politics: What Could Go Wrong?
One libertarian candidate for president in 2016 will “only accept bitcoin, litecoin and precious metals.”
Photographer: George Frey/Bloomberg
By Francis Wilkinson Sep 5, 2013 3:15 PM PT
Bitcoin, the alternative sort-of currency whose most ardent fans congregate in that part of the Venn diagram where “tech” and “libertarian” overlap, has always had a political flip-side.… Read more ...
Chuck Moulton is the chair of the Libertarian Party of Virginia. The following was published July 16, 2013 on Cato Unbound.
Governments have historically done a terrible job administering monetary systems. Through a gradual inflation, the U.S. dollar has lost 96% of its purchasing power in the last 100 years. … Read more ...
Many Libertarians have begun using Bitcoin, a decentralized digital currency. The Libertarian Party is now equipped to accept Bitcoin donations through the services of BitPay. Although BitPay cannot currently handle automatic recurring monthly donations, you may donate through this system as often as you wish.
This came about due to a comment Andy made at IPR, and some LNC members (starting with Starchild) pushing it on the LNC list.… Read more ...