Post
Topic
Board Economics
Re: Bitcoin is Becoming a Global Currency
by
marcus_of_augustus
on 17/06/2016, 01:16:57 UTC
most of these 'lower income' countries need bitcoin for protection from rampantly corrupt governments ... in such cases it is your duty to starve them of taxes which are levied criminally when there is no accounting for where the money gets spent/wasted

That mentality is what keeps those countries poor. Even countries with corrupt governments need tax revenue to provide for improvements. The less tax revenue, the fewer improvements. There is no way around that. Bitcoin isn't going to magically pay for public education, infrastructure, etc.



no but it could starve out all the corruption in public systems and allow for better private schools for all (which are always better quality with better societal outcomes of free-thinking individuals) and also allow for private roads, better housing, private water supplies built by communities who actually have money to spend on projects that they benefit from ... you get the picture.

Big public works projects are a magnet ofr corruption, waste and incompetence. Bitcoin could stop all this socialist bullshit that keeps countries in 3rd world status.