The Humanitarian Side of Bitcoin

As many have rightly pointed out, Bitcoin and cryptocurrencies more generally represent a shift in how society and individuals view and value currency and the philosophy behind transactions, whilst the Blockchain technology that supports them has the potential to revolutionize trade and create a truly mutual marketplace through the removal of the need for a ‘middle man’ in the form of a bank. Indeed, on social media you will find many who are hailing the rise of Blockchain and the various cryptocurrencies that litter the corners of the internet as something that could radically decentralise banking and eliminate the need for banking institutions altogether.

There’s one thing people tend to forget. Bitcoin’s decentralised nature lends itself to agorism through its ability to undermine the oppressive and bureaucratic state apparatus, freeing people to pursue enterprise in the face of…