Post
Topic
Board Beginners & Help
Re: Why Bitcoin won't succeed
by
realnowhereman
on 25/06/2012, 09:51:16 UTC
Governments already have currencies that are accepted for taxes.

Even better, they can print as much of them as they want.
Haha, exactly. Why don't they just print their own tax money, and leave us Bitcoin users the hell alone Smiley

You joke; but I've often thought that it would be better it governments were banned from borrowing and had to print money to make up their deficits.

That would mean it is the current recipients of government largesse (or at least the same generation) paying the cost of that largesse.  (I wonder how quickly populations would start demanding spending restraint when countries with 20% deficits started suffering 20% inflation).