Why Libertarians Love Bitcoins

Why Libertarians Love Bitcoins

By Michael Wolraich on Thu, 04/18/2013 - 12:19pm |

By yours truly...

What kind of people use Bitcoins, the digital currency designed by cryptographers to be untraceable? Web entrepreneurs? Open-source evangelists? Anti-corporate hackers? Well, it turns out, perhaps unsurprisingly, that the average Bitcoin user is a libertarian. A 32-year-old libertarian male to be precise.

According to an online survey by Lui Smyth, a University College London researcher, 44.3 percent of Bitcoin users identify themselves as “libertarian / anarcho-capitalist.” That’s a remarkable figure considering that only 2 percent of Americans self-identify as libertarian. (Most surveys do not offer “anarcho-capitalist” as an option.)

Smyth also found that Bitcoins are most often used for gifts and donations. Small wonder the Libertarian Party of the United States accepts Bitcoin donations. Or that a recent Libertarian convention followed a gun rights panel with a panel discussion on Bitcoins.

URL:

http://pandodaily.com/2013/04/17/why-libertarians-and-gold-hoarders-love-bitcoins/

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Comments

Love that if you follow the link to Pando the first two comments totally validate your thesis. One says, "We want to destroy the Fed before it destroys our economy." The second asserts that we are living in "Weimar America."

Great piece.

by Michael Maiello on Thu, 04/18/2013 - 1:34pm

The first two comments? Both by the same guy, I might add.

But classic nonetheless.

by Michael Wolraich on Thu, 04/18/2013 - 1:54pm

What in the hell is it with the glasses and short hair cut for chrissakes! hahahah

I decided that I am going to start the anarcho-anti-Muslim-anti gun party.

We of the AAMAGP strongly disapprove of Muslims (well we are actually just against all organized religions) and guns but we really do not believe we can do anything about either of these 'forces'! (by just attacking Muslims we are hoping for more contributions)

by Richard Day on Thu, 04/18/2013 - 3:40pm

I think you can add anarcho to anything and make it sound cool.

by Michael Wolraich on Fri, 04/19/2013 - 12:59am

YOU BETCHYA! HHAHAHAHHAHAHAH

by Richard Day on Fri, 04/19/2013 - 1:30am

LOL...my 9 year old genius grandson is winning bitcoins playing internet games...Maybe by the time he is ready for Ivy League College, he will have enough collected to pay for it...LOL

by trkingmomoe on Fri, 04/19/2013 - 1:48am

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