Something that always strikes me is that people underestimate the impact of a decentralized world. Especially more vulnerable people that depend on society for ‘survival’.
I get a lot of power to the people vibes while I’m not sure that a lot of people are ready for this.
How I’m experiencing things today (Simplified) :
- I pay more than 50% taxes —> I have no choice
- unemployment is supported by basic income
Basically I’m forced to share some wealth to keep society running
Imagine now a decentralized society :
- my connection with an employer will be direct and I will pay no taxes —> I have a choice
- No support for unemployment. Maybe this will stimulate more people to work but will also create some issues
Basically stronger people will become stronger and people suffering will suffer more.
Im sure Im cutting some corners here but the principle stays afloat. Won’t Bitcoin create more disbalance while a lot of people are claiming the opposite.
Why it has to be decentralized society just because we have decentralized system, even the extreme conspiracy is one world one currency but your imagination gone behind that since you are talking about world with no government, or am I missing something?
Only the mode of payment is decentralized with limited money supply so no more minting and no more inflation but the government should implement regulations to support this so they will keep generating the revenue aka taxes as always and keep running the society.