[jowiar]

And I've seen likewise from Bitcoin proponents. As far as I can tell, “Belief in Bitcoins” is the technolibertarian equivalent of “disbelief in evolution”.

I can see plenty of good arguments for non-physical currency. Bitcoin seems to combine the downsides of the Gold Standard and the Euro, though. Deflationary currency is a bad idea. Giving up control of one's currency is a bad idea.

[tlrobinson]

Oh I agree most Bitcoin proponents don't have a good understanding. Don't listen to them either. But I can point to several who do understand it extremely well (e.x. Andreas Antonopoulos https://twitter.com/aantonop is one, Chris Dixon seems to be another)