Posted tagged ‘Free Market Money’

Bitcoin = The Unstoppable Ingenuity Of Individuals

July 30, 2013

Bitcoin Accepted Here [by freeborn]

Bitcoin Accepted Here [by freeborn] (Photo credit: Adam Crowe)

We have talked about the Bitcoin phenomenon a couple of times here. I have said in this post, Let’s Take A Look At Bit Coin, “The reason I like the discussion about bitcoin: it is an opportunity to get people to think about what money is, how it evolved through the barter system, what is a gold standard, what is paper money, why the Federal Reserve‚Äôs monopoly on printing money is a bad thing, and could bitcoin (or some other not yet thought of idea) evolve into the medium of exchange not controlled by Government?” I would like to add that another reason I like bitcoin is because it represents the spirit of 1776. It’s the unstoppable dynamism that occurs when individuals use their inventiveness, curiosity, and thirst for freedom to get around Government planners plans. The free market is an unstoppable force (more…)