Bitcoin is Galt’s Gulch

“Because there are no truly free places left in our world, I suspect that the mode for escape must involve some sort of new and hitherto untried process that leads us to some undiscovered country; and for this reason I have focused my efforts on new technologies that may create a new space for freedom.”

- Peter Thiel, Cato-Unbound: The Education of a Libertarian (2009)

Frontiers matter because they are where all the action happens. Inventions and innovations have always been developed primarily at the frontiers of civilization. For Europeans living during the Renaissance Era, the frontier was the New World, America. For Americans, our frontier moved continually westward with our country’s explosive expansion from the Louisiana Territory to the West Coast. Then our frontier moved to Outer Space and once again to the virtual world of the Internet.

Bitcoin is enabling a new frontier on the Internet, a virtual Galt’s Gulch where pioneers and builders can escape to experiment and build marvelous new creations.

Galt’s Gulch

“We are not a state here, not a society of any kind — we’re just a voluntary association of men held together by nothing but men’s self-interest. ”

- Midas Mulligan, Atlas Shrugged

In the fiction novel Atlas Shrugged (1957), governments place ever more burdens on businesses and entrepreneurs through higher taxes, regulations, and even confiscation of wealth and property. The heroes and heroines…