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Jeffrey Tucker – Bitcoin's Brilliant Combination

Jeffrey Tucker – Bitcoin’s Brilliant Combination:

Jeffrey Tucker (@JeffreyATucker) writes of meeting Bernard von NotHaus why Mr. NotHaus is relevant to digital currency.  Excerpts:

“Economist F.A. Hayek wrote that it was entirely possible that a high-quality private money could compete with a government money.”

“But who would step out and make the attempt? What entrepreneur would dare come forward and offer up an alternative as a product in the consumer market?  Bernard von NotHaus was the man”

“The notion that government was trying to protect a marvelous system against domestic terrorism is mind-boggling, since the truth is rather obvious: The government was trying to protect a terrible system from being overthrown by competition.”

“Bitcoin is a brilliant combination of the Liberty Dollar’s soundness and Napster’s distribution methods, with a few extra features thrown in to protect it against shutdowns.”

“The revolution will not occur with guns and battles, but through enterprise, entrepreneurship, and a billion tiny acts of peaceful consumer choice.”

 – http://lfb.org/today/the-domestic-terrorist-you-can-call-a-hero
 – http://bitcointalk.org/index.php?topic=292237.0 (Further discussion of this article)

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