Re:Easiest Path to Riches on the Web? An Initial Coin Offering
by askafriend on Monday June 26, 2017 @04:14AM
(#14634970)
One of the reasons Fiat currency has value is because its the only currency that the U.S. Government accepts debt and tax payments in. That is tremendous power and authority behind the currency.
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Re:Easiest Path to Riches on the Web? An Initial Coin Offering
by patrickg_zill on Monday June 26, 2017 @04:36AM
(#14635057)
Exactly!
It is quite rare in history that a fiat currency was put in place, that didn't have a corresponding broad based tax in order to enforce its use and give the issuer, usually a sovereign or government, an advantage in being the source of the fiat.