Post
Topic
Board Economics
Re: Ideas for more efficient distribution of money?
by
AnonyMint
on 01/12/2013, 04:33:43 UTC
He thinks the free market got it wrong. He thinks he's right, and everyone else is wrong. This is pretty typical of socialists.

A free market is competition. We have mania which is a manifestation of the same ignorance that drives socialism. See the upthread discussion between Impaler and myself. Even the Austrian economists have confirmed that Bitcoin is a mania Ponzi.

So you don't think that an anonymous coin that cannot be seized or frozen or tracked by the government will make taxes harder to collect? Sure government will still try and in some cases succeed but tax revenues are sure to decline if something like this takes off.

You're adding something when you say that it can't be seized.

To say it can't be seized implies that it can't be collected. I'd say that essentially begs the question.

CoinCube I suggest you ignore nonsense like this. It defies comprehension of decentralized crypto-currency.

So, if your question is whether or not I think that an anonymous coin that cannot be tracked (directly) by the government will make taxes harder to collect, my answer is not much. As I said, the US dollar already has these properties.

The government is phasing out cash, as I covered in my prior post.

Now whether anonymity will work reliably and whether the coin can't be shutdown by filtering at the routers controlled by the major governments is technical discussion that will have to wait until the details of such a coin are known.