[randomhodler84]

No, it’s not about that. I put a lot of it down to love of authority. Lots of folks can’t understand why anyone would want some money that didn’t have men with guns to save them. “My bank is safe”. These folks are trusting. Government will save the day.

And some don’t trust anyone. Hate banks. Love technology. See how detaching monetary systems from authority provides freedom.

It’s about trust. I trust none. Bitcoin is perfect, it is the money of my enemies and my friends.

[version_five]

As a counterpoint I'm a libertarian and very anti centralization. I see libertarians arguing for bitcoin alone the same lines as you. A decentralized medium of exchange might be nice, but as it is, cryptocurrency fails to address any of the concerns with fiat, and most importantly is a scam who's value is entirely based on speculation / greater fool, and not on it's utility as a medium of exchange. From what I've seen, it's on that basis that HN generally doesn't like it, not based on some deference to authority, which I agree is present in many discussions

[logicalmonster]

> cryptocurrency fails to address any of the concerns with fiat

This comment coming from a libertarian is a head-scratcher.

The biggest concern about fiat currencies from a libertarian perspective is that the government can inflate the currency at will with no real transparency possible.

Crypto generally eliminates this concern, either by having a fixed quantity of coins or a known inflation amount, and basically perfect transparency being possible through looking at the blockchain.

[randomhodler84]

Well there is the whole money printing thing. I think that’s fundamentally the problem at Bitcoin solved, along with the whole decentralized value transfer. It’s fundamentally libertarian technology; along with public key cryptography and peer to peer file sharing. I think the anti-coiners on here miss the forest for the trees.