5 ms·
The cynical example: - People live in countries - countries levy taxes to be paid in "real money" - banks deal with the "real money" - BTC exchanges have to
by rtpg 9y ago
The cynical example:
- People live in countries
- countries levy taxes to be paid in "real money"
- banks deal with the "real money"
- BTC exchanges have to work with these banks + gov't
- kneel 9y agoThis assumes that future commerce will always revert back to 'real money'.
- palunon 9y agoCommerce is irrelevant. At the end of the day, you need to pay your taxes - presumably in your national currency. Suppose you had a commerce that only accepted bitcoins. How will you pay your taxes ?
- polyomino 9y agoa good thought experiment. I think it's likely that the government forms a symbiotic relationship with Bitcoin if things get that far. If the public does not want national currencies, then governments need to make them wanted. Physical force is an obvious approach, but probably impractical.