Money is just a good or service. Free competition for money brings down the cost of money. Bitcoin is the best money. That’s why it costs so much.

While we think of our money as the Unit of Account, and half of everything we do, money is competing for our attention every day. Whether we’re buying Foreign Currency to travel, or redeeming Air Miles for a trip, or taking coins from the piggybank to be expressed as digital dollars at the coinstar machine. The state should not have a monopoly on money. Since Bitcoin has the best properties of money, there is no reason why the demand should not exceed supply, driving the price up.

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