The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market
It&#x27;s interesting to see how this is playing out.  Libertarians have long argued that government-issued fiat currency is a tool of state oppression.  Now we have a real-world experiment demonstrating on a grand scale what happens when you create a currency by consensual fiat.  I&#x27;d be interested to hear what libertarians think about this: Is Bitcoin truly the kind of currency libertarians have been advocating?  Have I mischaracterized the libertarian position?  What do you think about the concentration of Bitcoins in the hands of a small number of people?  Where is this experiment going in the long run?