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Bitcoin is a direct assault on the authority of central banks to control money supply and set interest rates. The time is long overdue for citizens to start pl

Bitcoin is a direct assault on the authority of central banks to control money supply and set interest rates. The time is long overdue for citizens to start playing a more direct role in these two important functions of monetary policy. Bitcoin also provides a convenient method for holders of this currency to lower the taxes that they are forced to pay in order to fund all of the waste and corruption not only within the federal reserve banking system, which is a revolving door that connects to Wall Street, but in other government agencies as well. Stiglitz, who has spent most of his career living on a form of UBI courtesy of the parents who are desperate for their kids to attend Ivy League schools, is not very credible as a result on the topic of who exactly US monetary policy is intended to benefit: Wall Street fat cats sporting Ivy League degrees (enabled by their heavily lobbied allies in government like Chuck Schumer) or the Main Street average joe?

Priem19 6y ago
>Until such time as central banks cease to exist, bitcoin will also continue to provide a convenient method for holders of this currency to avoid paying taxes to fund all of the waste and corruption not only in the federal reserve banking system, but in other government agencies as well. As long as humans are selfish and ignorant, so will the governments. Technology is going to do bugger all to defund wasteful enterprises, let alone a pyramid scheme.
- mgh2 6y ago
  Anti-gov peeps benefit from government COVID aid, the vaccine, public schools, etc, etc. and don't want to pay taxes...the bitcoin argument is a double standard for the rich. Compare this with the corruption of 3rd world countries: tell this to all the migrant children at the border dying to get a chance. Americans have no idea how easy they have it, complaining and wanting more...

Priem19 6y ago

>Until such time as central banks cease to exist, bitcoin will also continue to provide a convenient method for holders of this currency to avoid paying taxes to fund all of the waste and corruption not only in the federal reserve banking system, but in other government agencies as well. As long as humans are selfish and ignorant, so will the governments. Technology is going to do bugger all to defund wasteful enterprises, let alone a pyramid scheme.

mgh2 6y ago
Anti-gov peeps benefit from government COVID aid, the vaccine, public schools, etc, etc. and don't want to pay taxes...the bitcoin argument is a double standard for the rich. Compare this with the corruption of 3rd world countries: tell this to all the migrant children at the border dying to get a chance. Americans have no idea how easy they have it, complaining and wanting more...