Can the War on Drugs Bootstrap Bitcoin?
A few weeks after my last post on Bitcoin, the cryptocurrency was featured on EconTalk. From there it captured the imaginations of libertarian geeks everywhere. When I last wrote about it on March 12, one Bitcoin was worth 88 cents; today one is worth $17.14. There are now numerous startups dedicated to serving as Bitcoin [...]
Tags: Agorism, Bitcoin, black market, bootstrapping, Brito, counter-economics, fiat currency, monetary theory, Silk Road, War on Drugs
7 Comments »