Bitcoin Revolution: How Cryptocurrency Helps Free Speech

Bitcoin is nothing short of a currency revolution. It has changed how individuals spend their money, disrupted the way governments regulate money, and has the potential to completely eliminate physical currencies. Now, Jerry Brito, Senior Research Fellow at the Mercatus Institute, will explain why Bitcoin is already impacting the world for the better.

Are you tired of Washington telling you how to spend your money? If you’re like many Americans the answer is a definitive “YES!!!!!!!” Now is the time for action. See how Bitcoin is not only helping the world, but also has Washington shaking in its boots!

President Obama asked Google CEO Eric Schmidt if Bitcoin was something “he has to worry about.” The answer was, “Mr. President, absolutely.” Bill Gates says digital currencies could be “huge.”

Allow Senior Research Fellow Jerry Brito to explain to you three impactful ways Bitcoin is already freeing average Americans from Washington’s control.

4 Comments

  1. Damian Gunjak

    I think the problem is not with just currency and currency controls but also having open exchanges where there is no clearing house.  

  2. Matt Wavle

    The hidden value of crypto-currencies.  Distributed money network is a lot like distributed file sharing, and as you said at the end, “That’s a bell that cannot be un-rung.”

  3. Matt Wavle

    Can you elaborate on this.  Are you referring to Bitcoin exchanges?  The biggest drawback IS when making a currency exchange, between any two international currencies.  But between two bitcoin users it’s a simple peer-to-peer transaction, not requiring any middleman.

  4. Damian Gunjak

    Matt, 

    i think you misunderstood what I was refering to, a goverment issued currency is subject to currency controls and manipulations.  The Federal Reserve is one central clearing house that controls at what rate new dollars are created.  Obviously with bitcoin there is no central authority to manipulate the rules inorder to obtain a certain outcome.   Open exchanges that I am referring to however have to do with the following.  The underlying system of blockchain entry of transaction can be used for other things. If you look at the stockmarket exchange as well other forms of exchanges (derivates, comodities) where property or value is being swapped there is always a lot of graft and “fudgebility”.  Visa for example can choose to block accounts based on fraud or for example political views ( it did so with wikileaks)  With a decentralized exchange that through distributed computing  would then become a lot less prone to systemic manipulation.  

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