Post
Topic
Board Beginners & Help
Re: Google & Co. Mining ?!??
by
malditonuke
on 27/06/2011, 06:21:39 UTC
This fantasy that Bitcoins will bring governments' to their knees as they find themselves unable to tax people is just that: a fantasy.  The following xckd (it keeps appearing in these forums) sums the essence of the flaw in this kind of thinking quite nicely: http://xkcd.com/538/.

don't overlook how dependent governments are on inflation.  there's a good reason they were so keen on abandoning the gold standard.

however, even with a gold standard there were still taxes.  but they were so obvious, even a caveman could see them.