3 ms·
Great, so there’s guaranteed to be enough demand for USD to pay tax obligations, which probably represents like 3% of its other sources of demand.
by wyager 5y ago
Great, so there’s guaranteed to be enough demand for USD to pay tax obligations, which probably represents like 3% of its other sources of demand.
- caoilte 5y ago38% of US spending is by the government. In case you hadn't noticed they spend their money in US dollars.
- wyager 5y agoThat doesn’t even remotely imply that the USD would only crash to 38% of its current value if the only thing people used it for was paying US taxes. It would almost certainly go a lot lower. However, it’s hard to predict with any precision.
- shkkmo 5y agoWhich is alone, way more than what most cryptocurrencies have to offer in terms of built in value. If the USD is attacked (through a weak point such as counterfeiting) the largest military power in the world will make that stop. If a cryptocurrency currency us attacked (through a weak point such as a 50% attack), what do you really have that can put a stop to that? All you can do is fork the chain and hope it doesn't happen again.