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Voluntaryist.com now accepts bitcoin

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The Voluntaryist supports monetary freedom, and has always advocated the use of hard monies (especially gold and silver). For example see the article, “Hard Money, Soft Money, and Government Money!“, in Issue 38, and “Freedom to Choose Your Own Money,” in Issue 156.

Although Bitcoin cannot be classified as a true commodity money, it does have many features that voluntaryists applaud. As mentioned in the Bitcoin Primer, it cannot be forged, or double-spent; it cannot be controlled or inflated by any government; nor is it impeded by any political boundaries. It is a voluntary digital medium of exchange which is completely transparent to all interested parties.

We consider bitcoin a hard digital currency because the algorithm for its creation is intrinsically tied to the maintenance of a transaction record that grows exponentially more permanent, but one which is accessible to anyone who understands how to read it.

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