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Something's got to circulate. There's not enough bitcoin+gold+barter-able commodities to go around, so fiat currency is necessary to the economy as it stands. I
by pjmorris 9y ago
Something's got to circulate. There's not enough bitcoin+gold+barter-able commodities to go around, so fiat currency is necessary to the economy as it stands. If you agree that taxes give currency most of its circulatory value, you have to figure out what else would give it value if taxes were taken away.
- conanbatt 9y agothere is more than enough bitcoin/gold/barterable commodities to go around.. they are divisible objects like any other. And any bank could run its own bank notes, as it was in the past. Having taxes to have circulatory value sounds pretty dumb to me.