Comments on: Libertarian Goldbugs Hating On Bitcoin – Free Market Money

By: Bitcoin’s surge past $45 each, a 250 percent gain since January | unSpy

Tue, 12 Mar 2013 10:22:55 +0000

[...] are a few reasons why I think Bitcoins are superior to gold as medium of [...]

By: Is Bitcoin the Currency of the Resistance? » Titania - Ethical Creative Society

Tue, 12 Mar 2013 00:14:35 +0000

[...] Here is the LibertarianNews’ response to the immediate hostility by the gold crowd to Bitcoin. [...]

By: Marnix

Marnix — Thu, 24 Jan 2013 18:44:00 +0000

You can see the price of btc in mg of gold here: http://pricedingold.com/bitcoin/

By: Michael Suede

Michael Suede — Thu, 01 Nov 2012 14:48:00 +0000

This is true, but as you point out, people would have to voluntarily accept such changes and agree to use a new client that supported such changes.

If you were used to transacting in gold coins that retained their value, and then one day some of the people around you decided it would be a good idea to use a different kind of coin that did not retain its value over time, would you voluntarily switch to the coin that could be debased?

I doubt it.

Due to people’s own self-interest, most people would refuse to switch to such a currency.

By: Brill Galt

Brill Galt — Thu, 26 Apr 2012 18:29:00 +0000

_____Money Can Be Whale Vomit?!____

Money is just a medium of exchange. Instead of trading eggs for flour, people buy the products or services based upon AN AGREED UPON “thing”. If everyone agreed that “whale vomit” (WV) was money, then eggs might be “2 grams of WV” per dozen and 1lb of flour might be “3gWV”. What makes money is THE AGREEMENT. What makes PRACTICAL money are things like fungibility, scarcity, etc.
Bitcoin IS money/currency and it is as unstoppable as an idea whose time has come.

By: USB 3G

USB 3G — Tue, 06 Dec 2011 10:32:00 +0000

Nice, that’s helpful for me!

By: Bitcoin: a szabadpiac pénze | Magyar Bitcoin Portál

Bitcoin: a szabadpiac pénze | Magyar Bitcoin Portál — Thu, 06 Oct 2011 20:41:41 +0000

[...] Forrás: Libertarian News [...]

By: Az igazság a deflációról – avagy miért hazudnak róla a közgazdászok | Magyar Bitcoin Portál

Thu, 07 Jul 2011 08:48:06 +0000

[...] cikkeimben elmagyaráztam, hogy miért minősül valóban pénznek a Bitcoin – az egyikben pedig arra is [...]

By: Why Are Libertarians Against Bitcoin? | Run Red Hot!

Why Are Libertarians Against Bitcoin? | Run Red Hot! — Mon, 04 Jul 2011 22:35:07 +0000

[...] realm like the Internet with its p2p distributed architecture, but modern economists cannot be. In “Libertarian Goldbugs Hating on Bitcoin”, Michael Suede [...]

By: A B

A B — Sat, 02 Jul 2011 23:25:00 +0000

Howbout a non-violently-imposed government-fiat currency? Since that theoretically does not break the non-aggression axiom, one could perfectly be libertarian and advocate that in stead of either gold or bitcoin. It is Austrian economics — not necessarily libertarianism — that provides us with the insight that government fiat is inferior to market-backed media.