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"Our farm workers and suppliers still want to get paid in pesos,” ...and where will you get those Pesos if everyone is paying with Bitcoin? Exchanges, the rea
by betterunix 13y ago
"Our farm workers and suppliers still want to get paid in pesos,”
...and where will you get those Pesos if everyone is paying with Bitcoin? Exchanges, the real basis of the Bitcoin economy. What will happen when the world economic system collapses? Bitcoin will collapse with it.
- silverbax88 13y agoI think this is the flaw in most Libertarian logic that is completely missed, because most Libertarians live in first-world countries. They have this idea that they want to pay no taxes and only pay for what THEY use, and rely on their own hard work and brilliance to succeed. But of course, that ignores the facts that first-world countries have an entire subsystem that supports this (roads, police, laws, enforcement), which makes their success possible. In reality, Galt's Gulch is running on the backs of local workers, who have access to everything in the community. What do you think will happen if the world was to collapse? That somehow the residents of the Gulch would blissfully go on about their lives in tranquil happiness, smug in their brilliance? Or would the local population, who outnumber them by the millions, are physically and mentally stronger than they are, and who run their precious ecosystem would simply take it from them?