Bitcoin = The Unstoppable Ingenuity Of Individuals
Here is a must read article titled, Why The Only Real Way To Buy Bitcoin In On The Streets, by Robert McMillian, at wired.com. Here is an excerpt from the article,
“It’s a little unexpected: The world’s pre-eminent digital currency is most safely traded face-to-face. But the Bitcoin phenomenon is itself unexpected. Bitcoins were conceived in 2009, in the warm ashes of the world financial meltdown. But they were proposed in a white paper and caught on without the backing of any central authority. In fact, the currency was a reaction against the too-big-to-fail banks that had inflated, and then abruptly paralyzed, the world’s economy.”
Individuals are gathering in what they call Buttonwood meetups. “…Buttonwood is an allusion to the May 17, 1792 agreement, struck under a buttonwood tree at 68 Wall Street, that set down the rules for what became the New York Stock Exchange. The Yerba Buena Bitcoiners see themselves as the modern descendants of these 18th century traders….”
These people are expanding the scope of individual liberty as a by-product of pursuing their self-interest. Technological advances, plus individual ingenuity, have once again given the market the ability to out run the reins Government has attempted to place on it. Government will eventually find out they are holding on to reins that aren’t attached to anything, because the market has broken free and is once again galloping unimpeded on the open range.