Quote from: Usine on December 11, 2017, 09:55:45 PM

Quote from: Renr on December 11, 2017, 09:55:21 PM

This is how I see it. Correct me if I am wrong. If a percentage of the population makes a large amount of money would that money not be put back into the economy of that said country? Or does the government worried that they are running such a shithole of a country that everybody's going to flee once they get a few dollars in their pocket? I believe it is for the better of mankind. Live the way we are supposed to live without the continual pressure of the government dragging everybody down and robbing them blind.

Every fiat currency today is regulated by putting constant new amounts on the market. That way we get inflation. Inflation makes sure that everybody needs more money and keeps on working 40h or more, even if new technology should actually make us work less. Bitcoin doesn't have inflation.

This economic shift presents a bigger issue that needs to be discussed as a society. If we move to a financial system such as Bitcoin do we voluntarily pay taxes, donate to infrastructure projects or just let our roads/sewage/water plants and systems deteriorate?

Kesecer

Posts

Merits