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In today’s edition of The Heartland Daily Podcast, Managing Editor of Budget & Tax News Jesse Hathaway speaks with Heartland Institute policy advisor Jeffery Tucker. Tucker and Hathaway have a discussion about the history and future of Bitcoin, an alternative digital currency with which users can buy physical goods.
Tucker, the Chief Liberty Officer and founder of Liberty.me, says Bitcoin exists and operates differently than almost anything in human history. Existing outside of national and geopolitical boundaries, Bitcoin’s system rewards users’ donation of computer time, using those extra processor cycles to ensure and verify the accuracy of the entire currency system. People can then use those earned Bitcoins to buy physical goods across the globe, without having to convert from one country’s currency to another… one can even buy a ride in a helicopter in New Zealand, like he did while on vacation!