Published on April 19th, 2017 | by bitcoin0
Being Libertarian: The Moron’s Guide to Bitcoin 101
Some time ago, I became more engaged with the libertarian community and kept hearing about Bitcoin; so, I decided to investigate.
Having a regulated currency (currency issued by our government’s central bank) entails the government regulates at least 50% of our transactions.
Most of us will work eight hours a day for something which the government decides the value of.
Each of us can have a unique identifying address, or label, which is the Bitcoin wallet – which tells you how many Bitcoins you have.
The Bitcoin community has recorded each of the wallets and transactions on a basic accounting ledger.