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>This is not technically possible with Bitcoin [...] Of course, it is. The government could force everyone to send Bitcoins to a special account which is then
by ravingraven 8y ago
>This is not technically possible with Bitcoin [...]
Of course, it is. The government could force everyone to send Bitcoins to a special account which is then distributed to victims (i.e. a tax). That would actually be better than what we have now. By printing more cash, people with cash are punished while actually rich people (who own stock, real estate, factories, jets etc.) are not.
- fixermark 8y agoBy "not technically possible," I meant specifically that no government can cause new BTC to manifest into existence. The scenario you're describing is (government mandated and legally enforced) loss insurance, which is the system I observed hasn't (to my knowledge) organically manifested yet.