Tag Archives: tech

Bitcoin and the Ayn Rand Imagination

This article was originally published at The Atlas Society.

The Atlas Shrugged movie is now accepting Bitcoin to join their web forum, called Galt’s Gulch Online. Limited content is available for free to all visitors of Galt’s Gulch Online, but premium content, such as the new Atlas Shrugged Part 3 teaser trailer, is available only to “producers” who pay a fee. And that fee can now be paid in Bitcoin.

Bitcoin is a digital money sweeping the world and offering some degree of freedom from government currencies. It imitates the scarcity of a material currency (e.g. gold) by means of an algorithm, which places a limit on the amount of bitcoin that can be “mined” from its source by those who maintain the transaction ledger. As Rob Wile puts it, “It’s like a giant interactive spreadsheet everyone has access to and updates.”  Continue reading Bitcoin and the Ayn Rand Imagination

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