Post
Topic
Board Bitcoin Discussion
Re: Bitcoin has positive effect on mainstream economy.
by
hugolp
on 08/07/2011, 09:05:50 UTC
Not to be glib, but remember that the foundation on which Bitcoin is built (SHA2, RIPEMD, elliptic curve cryptography, the Internet) can ultimately be traced back to government-funded research decades ago.  Investors and entrepreneurs are wonderfully efficient at taking a kernel of an idea, fleshing it out and pushing it forward, but you shouldn't delude yourself into thinking that "the taxman" is the useless blood-sucking squid in this story.

Right, because if you leave the money to the private sector this things would not have happen, even in a more efficient and cheap way.

So the government takes the money by force, reducing the resources the private sector can dedicate to these things, then does all this things in a inefficient and expensive way, and then asks us to thank it. Yeah...