Hoisted from the Comments on Kathleen Geier’s, Hold on to your wallet: Doug Henwood on the Bitcoin scam:

Bitcoin is basically a playground for libertarian idiots, con-artists, and people seeking out a market for illegal products (bitcoin has made possible a very robust market for child pornography).  The Federal Reserve system doesn’t “scam” anyone out of their money. That’s something only a delusional goldbug would say.

I haven’t read Henwood’s piece yet but with a teaser like this from Geier

Henwood’s piece is learned, politically astute, and fun to read. It touches on everything from the economist’s definition of money to meet-ups of libertarian bitcoin enthusiasts to the insights of a Marxist-feminist professional dominatrix named Mistress Magpie.

I think I’ll have to.