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Merkel makes first White House visit since NSA spying scandal
For the first time since it emerged her mobile phone may have been monitored for years by the US, Angela Merkel is visiting the White House. Ukraine will be …

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As hundreds of altcoin knockoffs are minted online, bitcoins no longer dominate as the principal form of digital currency

Hundreds of bitcoin knockoffsaltcoins, as they are commonly calledhave been built. Credit: Casacius via Wikimedia Commons

At a bitcoin conference in Miami this January, Jeffrey Tucker, a laissez-faire economist and libertarian icon, made an unexpected observation. There are people in this room who would think bitcoin is a little old-fashioned, he quipped. Well, that was fast. After all, it was only five years ago that bitcoin appeared on the scene and provided the world with the first open-source, decentralized alternative to government controlled currencies. And its really only in the last year that bitcoin has begun to gain traction as a payment option. Now bitcoin faces competition. Hundreds of bitcoin knockoffsaltcoins, as they are commonly calledhave been built. The software that underpins bitcoin is open-source, so anyone can copy and tweak the code to create their own digital currency. You can even pay someone to do it for you: The owner of a Web site called Coingen, for example, promises to start a new bitcoin clone for anyone who pays a fee of 0.05 bitcoin. All you have to do is give it a name. Some of these new altcoins are truly innovative. People have made bitcoin versions that process transactions faster, consume less energy or better protect user privacy. Other iterations differ from bitcoin only in their branding and implementation. For example, a few altcoins are intended to serve specific geographical communities. Last month an altcoin called auroracoin was distributed to the people of Iceland to serve as a nation-specific digital currency. (Of course not all altcoins attempt to create an improved product. Many are pump-and-dump schemes. Someone will make a new version of bitcoinusually tweaking minor features of the protocolhype it as the new best thing and then cash out as soon as the coins take on a bit of value.) Regardless, altcoins are now advancing the evolution of digital currency at a rate that bitcoin, as a relatively established project, can no longer keep pace with. Although none of these altcoins have yet flourished enough to surpass bitcoin in either value or rate of adoption, many are doing well enough to prove one point: the alternative currency experiment is far from over.

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Baldwin, Mobile county students hit beaches amid red flag warnings
Baldwin, Mobile county students hit beaches amid red flag warnings.

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Libertarianism the political ideology of the live and let live is enjoying a surge in popularity. Some believe its hour has finally arrived and it can truly become an alternative to the Republican Party.

I understand its appeal. I like libertarians, and can read Ludwig Von Mises and listen to Murray Rothbard all day long. But it isn’t an alternative. It’s an electoral distraction.

Diehard libertarians disagree, of course. Last week the Libertarian Party’s 2012 presidential nominee, Gary Johnson, visited Alabama on a fund-raising tour. The former two-term governor of New Mexico made stops in Mobile, Montgomery and Birmingham touting his party’s message of civil liberties and personal responsibility. He probably met receptive audiences since more voters are identifying themselves as libertarians now than at anytime in recent memory.

This trend should worry conservatives, especially since the libertarian candidate cost the GOP votes and victory in last year’s gubernatorial election in Virginia.

But how many of these new libertarians really support what the Libertarian Party stands for?

Many call themselves libertarians because of a single issue pot. When comedian, drug legalization activist and self-identified libertarian Bill Maher attended one of conservative Grover Norquist’s policy discussions, he rattled off a list of things the government should be doing and how taxes should increase as well. Norquist laughed, and then asked if he represented the big government wing of the Libertarian Party. Maher didn’t get the joke.

Some identify with libertarians until they scratch beyond the surface of “Hey, freedom, baby!” and learn about the party’s actual positions. Others just don’t want to be called conservatives, much less Republicans.

There are certainly true believers who bear the scars of a generational battle with conservatives. William F. Buckley drummed them out of the Republican Party decades ago and they’ve been building a 50-state network ever since. Their sincerity is beyond doubt, but their judgment remains in serious question.

“It’s the libertarian principles that matter,” wrote a good friend while debating the issue over email recently. However, their beliefs seem more like doctrine than principles. Conservatives believe in principles limited government, individual liberty, free enterprise and apply them to unique problems while guided by tradition and morality. We have flexibility to make judgments.

Libertarianism, as far as I can tell, demands consistent application of its beliefs, regardless of their impact. Responses to an issue must always be X, no matter if X is harmful or unwanted. Consistency isn’t a virtue in government; its application will eventually end in tyranny or chaos.

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Libertarianism isn't an alternative to the Republican Party

Apr 042014



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Liberty Mobile App

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Maine House OKs bill targeting foreign tax havens

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Free speech will beat bad speech



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US first lady stresses freedom of speech in China

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Wild surf closes Gold Coast beaches



The Making of Illuminati Killers
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Drunken groom fights with bride on jet, forces emergency landing



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