What to think about Bitcoin?

The strongest evangelisers of Bitcoins have always been libertarians. But an increasing majority of the people interested in Bitcoin are only “libertarianish”, despairing of government rather than opposed to it.

I’m not quite sure what to think about Bitcoin but the feature in this weekend’s FT has a healthy level of scepticism which probably mirrors my emotion towards the idea. When a financial asset is ‘interesting’ and fluctuates wildly up and down, I tend to stay away. I’m not anti-government but I also doubt that governments will retain a monopoly on currency forever. To be honest I’m more interested in innovation in banking than in currencies. A user-friendly system for making transactions and financial planning — now that would be truly radical idea.
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