In short, the altcoin phenomenon is the product of greed and bounded rationality.
Once it was known that bitcoin could be sold, even for a pittance, new possibilities opened up.
Proof-of-work should not be seen as a mysterious or wasteful system, but as something functional, natural, and potentially of value for the design of any communication protocol.
Stay one step ahead of the government and don’t get embroiled in politics.
If Bitcoin becomes money, the government’s control of money will have ended.
Public-key cryptography is the greatest tool of liberty ever devised.
With cryptography, one libertarian inventor can create an entire libertarian society.