Bitcoin ( updated)

Video that describes what Bitcoin is.

Update:

I've been thinking about this a lot today.  I don't get it.   I've heard a lot about Bitcoin, but I don't get the advantage of using it.

Published on Zero Hedge (http://www.zerohedge.com)

Home > Guest Post: What Every Libertarian Should Know About Bitcoin

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Guest Post: What Every Libertarian Should Know About Bitcoin

By Tyler Durden

Created 04/01/2013 - 20:45

"Soon, whether via Bitcoin or whatever comes next, it will be possible to strip banking away from bankers, and money away from governments." From a recent article in the Spectator titled "How Bitcoin Could Destroy the State" [1]. Support for Bitcoin amongst Austrian economists is growing by they day and in this interview, the highly admired and respected Tom Woods, discusses Bitcoin with Erik Voorhees of Bitinstant [2] (a popular, rapid way of converting fiat into BTC).  This interview very poignantly addresses many of the layperson's concerns about it that I have heard over the past several months.  Remember, despite the price rise, Ben Bernanke is still creating the equivalent of 75 Bitcoin markets every month [3] with his money printing.

• Ben Bernanke
• Ben Bernanke
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Source URL: http://www.zerohedge.com/news/2013-04-01/guest-post-what-every-libertarian-should-know-about-bitcoin

Links:
[1] http://www.spectator.co.uk/columnists/hugo-rifkind/8874321/how-bitcoin-could-destroy-the-state-and-perhaps-make-me-a-bit-of-money/
[2] https://www.bitinstant.com
[3] http://libertyblitzkrieg.com/2013/03/21/bitcoin-goes-parabolic-my-updated-thoughts/