Post
Topic
Board Bitcoin Discussion
Re: Our response to Dmytri Kleiner's misunderstanding of money
by
evoorhees
on 12/11/2012, 16:39:01 UTC
And after all that, Dmytri is still correct. If you think bitcoin is going to replace govt currencies then you are so far out to left field you dont need to reply. This place is just like Apple forums. Fanboys. You do raise some good points though.

Typically an assertion like that is followed by an argument.  WHY do you think Bitcoin can't replace government currencies?

If you arent taxed how do you think all those highways and roads and thousands of other things are paid for? There is no centralization we see scams all the time and there is nothing you can do about it. Your computer gets hacked you are done. Dotn care how many backs up you have it takes a matter of seconds to empty your wallet once its broken in to and you will not be reimbursed by anyone. I can go on and on. Mostly the arguments why bitcoin is superior are just lousy points aka quick transaction times and low fees, yawn.

Ryann, listen carefully and I'll explain how things are paid for without taxation. It works like this: you take your money, and pay for the things you use. Simple. When you fly, you pay an airline and airport company. When you drive, you pay for a car. When you eat, you buy food. When you want internet service, you pay an ISP.

In the case of roads, the fact that they are -currently- paid for via taxation doesn't mean that without taxation they cannot be paid for. Indeed, the early days of roads in America, they were all privately run. Heard the term "turnpike?" That used to refer to private highways that were paid via tolls. And before you say, "but tolls are so obnoxious!" you should know that, once again, private industry solves that problem via either pre-paid subscription models or RFID drive through tolls. In Dubai, the "toll booths" are just small structures that cross over the freeway. They scan a sticker in your car window when you drive underneath at 80 miles per hour. Easy.

Roads are not hard to build, and it's easy to charge those who use the road for their usage. Far more complex services exist in the private marketplace... indeed the computer on which you're typing is far more complex than a road, and was "paid for" privately by private individuals. Should government pay for and manage all our computers?

And don't get me started on "if there is no centralization we see scams all the time"... It is the centralized State which is the largest scam of all.