Post
Topic
Board Bitcoin Discussion
Re: Be careful what you wish for, it might happen
by
tadamichi
on 13/07/2022, 13:36:46 UTC
The government won’t be out, they still have a monopoly on force and laws, but they lost their monopoly over money. Maybe they would even start to shift course and appreciate the properties Bitcoin offers to the people, and use it as a superior tool of finance and maybe even start contributing to it’s security etc.

Nice one  Smiley

But they will also need money for that 😊
So? They own many assets like gold, land, real estate, pension funds, some stocks, some companies etc. And can always give out their own currency with forced value attached to it. And will probably start owning Bitcoin or other assets themselves. Taking down a state isn’t possible that easily.

But if we are all convinced we will always need a centralized authority collecting taxes and therefore deciding for us (partially) why do we need Bitcoin ?

It would be weird to only need the decentralization for payments
Not just for payments, Bitcoin is money. If you don’t ask yourself why do we need better money, then maybe you don’t understand how the current monetary system is putting you at a disadvantage and making you poorer than you would have otherwise been. And is making entire financial systems fragile. That is what Bitcoin is here to fix, the only money that doesn’t require trust to work as the trust based money model always failed and will always fail.