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Exactly, either you're a threat to governments and thus need to treat them as adversarial, or you're not. Crypto is in no way safe from state actors, unless tho

Exactly, either you're a threat to governments and thus need to treat them as adversarial, or you're not. Crypto is in no way safe from state actors, unless those state actors are profiting from it.

sprash 4y ago
The government collects taxes denominated in USD which is enforced with violence. This is why USD is in demand. As soon as this (in case of income tax even unconstitutional) collection mechanism by force fails the dollar becomes worthless over night.
- ntoskrnl 4y ago
  We might find out if that's true soon enough. https://www.cnbc.com/2022/06/23/tax-return-backlog-is-crushing-the-irs-as-pileup-exceeds-21-million.html https://www.cnbc.com/2022/06/23/tax-return-backlog-is-crushi...
- tsimionescu 4y ago
  You really need to look into the history of currency of you truly believe any of this. Currency is worth something because other people are willing to trade it for something useful at a stable exchange rate. Now, having a central bank that controls the currency, and a government that enforces that control, can help protect the stability that gives that currency value in times of economic instability, but that's only occasional interference. We know this because, in the past when states were weaker and less able to do this, huge swaths of people ignored their state currency, more or less, and used other states' currencies, ones that were more trustworthy (counterfeiting used to be a serious concern) and stable. Even today there are countries where people are in practice using the US dollar as their currency, ignoring local official currencies, simply because the dollar is recognizable and its price is extremely stable compared to their official legal tender. How does this square with your theory that the dollar would lose all value overnight if the US government stopped requiring it?
- Sebguer 4y ago
  Yes, you're correct, if the United States (and every other major tax-collectiong country?) collapses, I guess BTC will have won?

Exactly, either you're a threat to governments and thus need to treat them as adversarial, or you're not. Crypto is in no way safe from state actors, unless those state actors are profiting from it.

sprash 4y ago

The government collects taxes denominated in USD which is enforced with violence. This is why USD is in demand. As soon as this (in case of income tax even unconstitutional) collection mechanism by force fails the dollar becomes worthless over night.

ntoskrnl 4y ago
We might find out if that's true soon enough. https://www.cnbc.com/2022/06/23/tax-return-backlog-is-crushing-the-irs-as-pileup-exceeds-21-million.html https://www.cnbc.com/2022/06/23/tax-return-backlog-is-crushi...
tsimionescu 4y ago
You really need to look into the history of currency of you truly believe any of this. Currency is worth something because other people are willing to trade it for something useful at a stable exchange rate. Now, having a central bank that controls the currency, and a government that enforces that control, can help protect the stability that gives that currency value in times of economic instability, but that's only occasional interference. We know this because, in the past when states were weaker and less able to do this, huge swaths of people ignored their state currency, more or less, and used other states' currencies, ones that were more trustworthy (counterfeiting used to be a serious concern) and stable. Even today there are countries where people are in practice using the US dollar as their currency, ignoring local official currencies, simply because the dollar is recognizable and its price is extremely stable compared to their official legal tender. How does this square with your theory that the dollar would lose all value overnight if the US government stopped requiring it?
Sebguer 4y ago
Yes, you're correct, if the United States (and every other major tax-collectiong country?) collapses, I guess BTC will have won?