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The ability to tax all residents and companies of the US?
by haasted 5y ago
The ability to tax all residents and companies of the US?
- ldiracdelta 5y agoPlus the ability to take away their assets if they don't comply.
- pygy_ 5y agoYes, the value of USD value is proportional to the power of the US government (and its judiciary/police/army)... The power to let the private sector flourish, mainly. The value of Crypto comes from the decentralization (no need for trusted third parties), and is proportional to the hashing power of the network. Upstarts can easily be 51%ed by an incumbent with a large mining infrastructure of the same kind... But this holds as long as people with destructive power let them run.
- jermaustin1 5y agoAND US citizens and nationals no matter where they are in the world.