BITCOIN, CURRENCY OF THE FREE MARKET

Abstract

The purpose of this article is to present Bitcoin as a possible solution to many of the issues caused by having money administered by a monopoly. The introducing chapters of this article focus on demonstrating why monopolistic control over money will always limit freedom. Specifically, in regards to how the government has control over individual freedom through money. History has shown that people have sought ways to curb this kind of intervention on markets and in their lives - with Bitcoin being a result of their efforts. In the later chapters we aim to demonstrate why Bitcoin is such a significant step towards achieving a higher degree of individual freedom and we will support these claims through a series of technical, economical and philosophical arguments.