
“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:
Bob Murphy: The Myth of Wartime Prosperity
We’re All Criminals and Outlaws in the Eyes of the American Police State
Fifty States of Fear
The Final Nail in the Coffin: The Death of Freedom in Our Schools
Federal Reserve Policy Failures Are Mounting
The real story behind the demise of America's once-mighty streetcars
Climate Change and Captain Kirk
Pulling the Plug: Taking Delivery of Gold
Ludwig von Mises: Come Back to Gold
Licensed to Kill: Growing Phenomenon of Police Shooting Unarmed Citizens
Debt: Destroyer of Lives, Businesses, and Countries
Doug French: So Where’s the Hyperinflation Already?
Andrew Bacevich: How We Got Here
How the Iraq War Became a War on Christians
Stop Fooling Ourselves: Americans Can't Afford the Future