The news is out.
The winner of the bitcoin auction is a single person, a billionaire, the same Silicon Valley billionaire who mercifully wants to break California up into six states. A consummation for those who live there devoutly to be seen.
What ever tiny part up north is left the current governor and the legislature can reside, walled off to do their damage on a microscopic scale. A Western block replica of the Berlin Wall, this time keeping the ugly, bad and horrible not the good inside.
The billionaire is Tim Draper, founder of a Silicon Valley venture capital fund who apparently scooped up the $18 million in coins the government had confiscated. Supporters of the virtual currency feel it could become a viable option to fiat currencies, the kind governments world-wide continue devaluing to keep their leaky, bureaucratic-overloaded, debt-laden vessels afloat.
Draper was quoted as saying: "Bitcoin frees people from trying to operate in a modern market economy with weak currencies. Of course, no one is totally secure in holding their own country's currency. We want to enable people to hold and trade bitcoin to secure themselves against weakening currencies."
Draper is a much welcome advocate of free markets in an age of ever encroaching government regulations, spying and interference, a beacon of bright light against the darkness of the Washington-centered octopus.
He is also the third generation in his family to make his mark in start-up investing, the real American dream, that the Big O is constantly trying to shackle.
That's our view. We hope you know yours.
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