[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.