Jerry Brito on Bitcoin and the End of State-Controlled Money
"Just how revolutionary is Bitcoin?
Reason.tv sat down with Mercatus Senior Research Fellow Jerry Brito to learn how Bitcoin operates and what the implications are for traditional state-based fiat currencies. "Whether Bitcoin succeeds or fails is neither here nor there," says Brito, who predicts that currencies in the future will almost certainly be deregulated and decentralized - with or without governments' consent.
About 2.30 minutes.
Interview by Nick Gillespie; shot and edited by Joshua Swain."
Read Brito on Bitcoin here (http://techland.time.com/2011/04/16/online-cash-bitcoin-could-challenge-governm ents/) and here (http://techliberation.com/2011/04/16/bitcoin-imagine-a-net-without-intermediari es/). For responses to his critics and more info on Bitcoin, go here (http://techliberation.com/2011/04/20/bitcoin-intermediaries-and-information-con trol/).