"We're talking about reinventing the world's monetary system…from the ground up," says Jeffrey Tucker, executive editor of Laissez Faire Books, and an enthusiastic proponent of the open source peer-to-peer currency system Bitcoin.

After participating in a panel discussion on Bitcoin at Freedom Fest, Tucker sat down with Reason Magazine's Matt Welch to explain why he believes Bitcoin is an example of a new enterprise that can help create "a new world of liberty, despite the existence of the leviathan state."

Held each July in Las Vegas, Freedom Fest is attended by around 2,000 limited-government enthusiasts and libertarians. ReasonTV spoke with over two dozen speakers and attendees and will be releasing interviews over the coming weeks.

About 5.30 minutes.

Produced by Anthony L. Fisher. Camera by Paul Detrick and Tracy Oppenheimer.

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