Bitcoin
This article says that Bitcoins would be a good investment, and it says Libertarian politics is part of the reason.
Just a year ago, a bitcoin was worth $13. And today, the same piece of digital currency is valued at more than $800 on popular online money exchanges. But Chris Dixon believes that’s still a serious bargain.
Dixon, a partner with the big-name Silicon Valley venture capital firm Andressen Horowitz, is adamant that bitcoin could become the primary means of making payments on the internet, and if that happens, the price of a bitcoin will skyrocket. “I think it could be easily worth $100,000,” he says.
More...The article compares Bitcoins to other overlooked investment opportunities in the past, like domain names in 1993. Many people will jump based on the prediction of $800 worth of Bitcoins turning into $100,000. But I'm not convinced. It seems like it would be too easy for somebody to create a competing virtual currency. In fact, I may create one during lunch today. ClydeCoins.For one thing, he saw a technological breakthrough. Through a new breed of distributed computing and cryptography technologies, the bitcoin community created the first global public ledger that could operate in a secure and trustworthy fashion. But more than that, bitcoin had politics on its side: Libertarian-leaning advocates saw it as more than a low-cost way to send money. For them, it’s a movement, and many of them have worked tirelessly to evangelize bitcoin. “Every interesting large scale technology movement has had a political component,” Dixon says.
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