> You have misunderstood the grandparent post. His point was that since states exist as a matter of fact and want to have their taxes paid, Bitcoin is less usef

> You have misunderstood the grandparent post. His point was that since states exist as a matter of fact and want to have their taxes paid, Bitcoin is less useful than currencies which are acceptable legal tender for that purpose. For one thing, you'll have to pay a small conversion premium on top of the debt you're servicing. No, I follow perfectly well, the mugger demands his due in a specific form of paper, therefore that specific form of paper is more valuable than one in which similar predation does not take place, that's precisely why I disagree that it's actually feature. > You're calling me strident and shrill, when you're characterizing all government as violent and extortionate? OK, if it makes you feel better. That's not a characterisation, it's a simple fact. Government is a monopoly of force, there are no governments in existence who do not use that monopoly of force for extortion. > Monetary bases that are not government created are essentially worth only their commodity value As opposed to absolutely nothing in the event of the failure of the backing state.