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A comment on Bitcoin study: Period of exclusivity encourages early adopters. Parent comment

Re:Bitcoin study: Period of exclusivity encourages early ado... by palunon on Friday July 14, 2017 @12:46AM (#14767530)
Commerce is irrelevant.

At the end of the day, you need to pay your taxes - presumably in your national currency.

Suppose you had a commerce that only accepted bitcoins. How will you pay your taxes ?

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Re:Bitcoin study: Period of exclusivity encourages early ado... by polyomino on Friday July 14, 2017 @02:54AM (#14768055)
a good thought experiment. I think it's likely that the government forms a symbiotic relationship with Bitcoin if things get that far.

If the public does not want national currencies, then governments need to make them wanted. Physical force is an obvious approach, but probably impractical.

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