The Bear’s Lair: Gold is libertarian, cyberspace isn’t by Martin Hutchinson Assessing the sustainability of Bitcoin amid recent controversy. The disappearance of the Bitcoin trading website Mt. Gox caused consternation among younger libertarians, who had seen cryptocurrencies like Bitcoin as a vital weapon in the struggle against Big Government. For those like myself with almost as much suspicion of the tech sector as I have of Washington, it caused a smile of grim satisfaction. In reality, Bitcoin represents the world of Mikhail Bakunin more than that of Adam Smith; for true libertarians, it fails on a number of criteria that sound … Continue reading Gold is the way forward NOT Bitcoin!