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about a year ago i wrote a paper on bitcoin for a university course entitled "what is money?". my basic thesis regarding the future of btc is the following: as
by simbolit 13y ago
about a year ago i wrote a paper on bitcoin for a university course entitled "what is money?". my basic thesis regarding the future of btc is the following:
as bitcoin takes over the regulation of the money supply, nation states and their central banks lose much of their agency in respect to economic and fiscal policy. it is thus in the best interest of nation states to restrict the use of bitcoin such that bitcoin will not take over to become more important than national currencies.
since i wrote this bitcoins value has soared, but i still hold that opinion. national governments might tolerate bitcoin as a sandbox playground for now, but once it gets widely adopted and threatens national currencies, they can choose between giving up vast economic and fiscal powers or restricting bitcoin. i see no reason why they should choose the former.
did i convince you? want to get rid of your bitcoins? send me some: 17Dk1cugCynTaNdmQihF7tproJgyKyWiwr :-)