I’ve been in Texas for the Bitcoin conference. The site was not at the hotel (which normally happens when I travel for business) and so I’ve only been at my computer for a very limited time this week. I’ll resume normal posting this weekend.
In the meantime, check out the reading list at the Satoshi Nakamoto Institute. Michael Goldstein–a very solid an-cap coming from the Rothbardian tradition–gave a talk at the conference showing that an-caps should really look into the history behind Nakamoto’s famous white paper. It didn’t emerge from the brow of Zeus.
My quick takeaway from the conference is that Bitcoin isn’t just about money; it is a technological innovation (“the blockchain”) that has all sorts of ramifications, just one of which is a new medium of exchange (that may, or may not, one day be a money by anyone’s definition). If you are a hard money person who thinks BTC as intangible digital money is nonsense, okay fine, let’s put that issue to the side. Look at the possibilities of decentralized contract enforcement without the need for large, reputable third parties.