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Put aside for a moment the name for the 'scheme' and consider the mechanism design differences between USD and Bitcoin: - USD is needed in order to pay taxes o
by samwilliams 5y ago
Put aside for a moment the name for the 'scheme' and consider the mechanism design differences between USD and Bitcoin:
- USD is needed in order to pay taxes on the US, but can be printed arbitrarily by a centralized mint.
- Bitcoin has no fundamental demand driver, but does have a truly capped supply.
Why is it so obvious that USD is a preferable scheme?
- qeternity 5y agoWhat sort of straw man response is this ? I never said USD is preferable. I said that fiat currencies are not ponzis.