Re: Bitcoin trades the inequity of dynastic power for the inequity of early adoption

Money doesn't buy political influence though,

In my country it can buy a lot of things including buying politicians, buying political influence, buying this ...buying that ...

Sure, it's like that in pretty much every country. But here's the thing:

If Bitcoin is as successful as everyone hopes it is, everyone will have a store of money that the government cannot touch. They can't freeze it, they can't seize it, they can't tax it, they cant trace it.

Imagine what that will mean to governments.

The honest part of the government that collects taxes will suffer

The dishonest part that splurges favors on friends and cronies will already be in the take .......just that it will be far more difficult to prove that they took bribes !!! This will be parallel economy of un comparable ....un imaginable proportions

Yes, but where does that dishonest part of the government get the money to splurge?

From the honest part. Which will be collapsing under it's own - and especially the dishonest part's - weight.

Exactly. And to think that the dishonest part of government didn't already have the ability to hide money? Bitcoin didn't invent hiding money. Trillions of dollars were seized just recently in the range of 30+ trillion which is 3 times the size of the US GDP. They are already hiding money and it's always been like that since the start. Billionaires don't have to worry about taxes and honestly I don't think anyone should be taxed for saving, that is bullshit.

If you save money in Bitcoin you shouldn't get taxed. If you cash out then you should get taxed. It's that simple. The elites already have their saved money so why can't the masses save money too?