
“Bitcoin’s real contribution to the world is its source code. The blockchain, the network protocol, the cryptographic verification — anyone can take this and build a currency with any economic properties their community needs. There is no perfect monetary system for every situation. Bitcoin is not going to be the one world currency, and it doesn’t need to be. A lot of people compare Bitcoin to the Internet, but it’s more like CompuServe. It’s the first of many digital, non-state currencies to come, that will all interoperate with each other in ways we can’t even dream of yet.”
http://falkvinge.net/2013/11/06/bitcoins-real-revolution-isnt-hard-money-its-economic-panarchy/
Related posts:
IMF Historian Whitewashes The Soviet Spy Career Of The Fund's Founder
The Social Deterioration of Funny, Floating Money
A Rogue State and Failed Social Visions
Doug Casey at Libertopia 2012
Top 10 Reasons Why the Mafia is Better than the State
Southern Slavery: Two Systems of Management
Could You Be Arrested For Offering A Lyft?
Uberocracy: How the Sharing Economy Changes Politics
Stefan Molyneux: Finding Your Tribe
Reflections on 9/11 and the High Cost of Waging War in the Middle East
How to Use Public Health to Control Everything
Roger Ver: Why Bitcoin is Important for the World
Resistance is Dangerous; Submission is Frequently Fatal
Who Wants Marijuana To Remain Illegal?
Wendy McElroy: Death by Methodological Individualism