>>This should terrify you. Think of a world in which you cannot collect taxes, and that not even prison can strip the wealthy of their coins. The wealthy will b

>>This should terrify you. Think of a world in which you cannot collect taxes, and that not even prison can strip the wealthy of their coins. The wealthy will be able to do whatever they want. The state can exert control over all real estate, and can control the flow of physical goods within its jurisdiction (and into and out of its jurisdiction), whether or not it has control over the flow of money. Taxes will never disappear. They will just decline. I share Friedman's view that the effect that electronic cash will have, of reducing how much the government taxes, will be beneficial to society: https://www.youtube.com/watch?v=pK_xv_4KpzM https://www.youtube.com/watch?v=pK_xv_4KpzM If we don't impose non-political checks on government power, it will continue to grow, to the detriment of the economy: https://pbs.twimg.com/media/DMnxtDwUQAAiuSy.jpg:large https://pbs.twimg.com/media/DMnxtDwUQAAiuSy.jpg:large