Re:Bitcoin could become ‘worthless’, Bank of England warns
by sebastianconcpt on Wednesday December 15, 2021 @09:11AM
(#29566138)
A minimalistic state with no central bank. The big issue is that fiat currencies are a design flaw that will make states only grow.
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Re:Bitcoin could become ‘worthless’, Bank of England warns
by igorkraw on Wednesday December 15, 2021 @01:14PM
(#29569557)
So basically, you don't. You need to pay the forces enforcing your property rights somehow, and with taxation comes comes either a large overhead as the state needs to basically become a Forex trading house to ensure it can pay in whatever wildcat currency is worth the most or to standardise to the numeraire used to pay the people with guns enforcing private property