Libertarian community to buy Chilean real estate with Bitcoins [RTAmerica]

A farming community in central Chile, called Galt's Gulch Chile, is billing itself as world's first Libertarian real estate project, and it will accept Bitcoins, the online, virtual currency. Jeff Berwick, the group's spokesman and founder of Bitcoin ATMs, blasted the use of the US dollar and "other fiat currencies," and said, "I think land in emerging markets will only increase in value over the coming years." The project is made up of 11,000 acres of land that is prime for farming, with ample access to both ground and surface water. RT's Sam Sacks at whether Galt's Gulch will really be the Libertarian utopia will live up to its Ayn Rand namesake.