Comment by sevensor

It's interesting to see how this is playing out. Libertarians have long argued that government-issued fiat currency is a tool of state oppression. Now we have a real-world experiment demonstrating on a grand scale what happens when you create a currency by consensual fiat. I'd be interested to hear what libertarians think about this: Is Bitcoin truly the kind of currency libertarians have been advocating? Have I mischaracterized the libertarian position? What do you think about the concentration of Bitcoins in the hands of a small number of people? Where is this experiment going in the long run?