Re:SolarBatteryBitcoin
by zepto on Thursday April 22, 2021 @01:43PM
(#26905583)
You might manage to cause an upheaval in which who runs the state changes hands, but nothing else will change for the better.
You’ll just get a new state which holds Bitcoin and issues debt based on Bitcoin in the form of promissory notes.
It’s pretty simple - just require taxes be paid in Bitcoin and use violence against those who don’t pay. Just like with other revolutionary wars, you pay generals with land and soldiers with the new currency (I.e. Bitcoin). Some of those generals will end up as a dictator or president depending on whether you are able to establish a democracy.
The state will be the ultimate HODLer just as it was with gold.
You’ll just get a new state which holds Bitcoin and issues debt based on Bitcoin in the form of promissory notes.
It’s pretty simple - just require taxes be paid in Bitcoin and use violence against those who don’t pay. Just like with other revolutionary wars, you pay generals with land and soldiers with the new currency (I.e. Bitcoin). Some of those generals will end up as a dictator or president depending on whether you are able to establish a democracy.
The state will be the ultimate HODLer just as it was with gold.