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Why would anyone use a currency that disappears? They will just store their money in some other form, then transfer it to govcoin when they have to pay taxes.
by dash2 5y ago
Why would anyone use a currency that disappears? They will just store their money in some other form, then transfer it to govcoin when they have to pay taxes.
- Applejinx 5y agoUsing and storing are not the same thing. I think the whole point is that the storing of money is considered harmful. Which is odd to consider, since the whole concept of money is 'storing' something in a fungible way, but still worth thinking about. To what extent does 'money' actually provide an improvement over 'commonly understood capacity to kick your head in', which is another sort of power a person or organization might have? Clearly if there's no money then there's the more immediate physical threat of force, or a more charming interaction like giving someone food or shiny rocks. Money permits an abstraction of this, so what is it incentivizing over the more primitive modes of interaction?