F.A. Hayek in 1984: “I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop.”

submitted by /u/austrolib
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Bitcoin – The Currency of the Internet

The movie “Too Big To Fail” is the greatest advertisement for Bitcoin ever created

So we all know Bitcoin was created in the wake of the financial crisis, which is covered well in the HBO movie, Too Big To Fail. If you haven't seen it, I highly recommend.

Specifically, there is one scene where William Hurt, playing Treasury Secretary Hank Paulsen, is talking to his wife about the possible collapse of the financial system. In it he describes how it would happen and how it's all built on trust and banks lending to other banks, if one domino goes they all go, and pretty soon the average Joe will be worrying about the money in his bank and smashing ATMs.

The whole time he's talking I'm just thinking about how if we had a system built on Bitcoin and the blockchain, no one would have to worry like that. Their money would be safely in their wallet, unmovable without their consent. NO WOULD WOULD HAVE TO TRUST ANYONE IN ORDER FOR THE SYSTEM TO WORK!

How is that not an objectively better reality? Instead, this man, Hank Paulsen, acted in ways that led to TRILLIONS in taxpayer money (your money!) to give to the very people whose greed and recklessness caused the failure and suffering in the first place.

Bitcoin is going to change lives, because people are going to want what it has to offer.

submitted by /u/DRAAIIIIINNNNIDGE
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Bitcoin – The Currency of the Internet