Weigh in below on this meddling in India by their reserve bank.
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Notes On Liberty 
One definition of fiat money is money without intrinsic value so bitcoins are just another fiat currency. Supposedly they are useful for black market transactions, is there any other reason I should care about bitcoins?
They have a limited supply which makes them less like a fiat currency and more like precious metals, but i am currently getting car sick in a Pennsylvania mountain, i will write something up about bit coin when i am home sometime next week.
Good question Dr A.
Bitcoin has become huuuuuge in libertarian circles and I think I know why but like natural rights it’s split about 66-34.
One reason I think it has become so popular is because it represents a concept that libertarians have long been vocal about: Alternative currencies, or competitive markets in currencies.
Personally I think bitcoin is hardly a competitor to the unfortunate monetary system now in place, but I think most libertarians would agree with me on this point even if they support the idea behind bitcoin.
Fred and Warren have some concise thoughts on alternatives to the current monetary system now in place (“free banking“) that might be worth your time.
The fact that India’s central bank has apparently outlawed bitcoin (for safety concerns, of course) only bolsters bitcoin enthusiasts, I’m sure.
Ack, get better soon.