‘Bitcoin’ is an interesting example of the future of money. Bitcoin is a non-asset backed and non-state controlled money. With the Fed destroying the value of our money it comes as no surprise that we should start to see such experiments as these. I tend to be skeptical of such non-asset backed currencies, but it is always nice to see a move away from state controlled currency. I would rather the supply of money be in the hands of the private sector than the government. Below is a short video by reason.tv on the experiment that is ‘Bitcoin.’
