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100 sats \ 2 replies \ @Scoresby 9h \ on: What will governments look like when the world is on a Bitcoin standard? AskSN
Does "when the world is on a Bitcoin standard" mean widespread individual key-holding or does it mean something like "Bitcoin is the asset backing banks and other currencies" (kind of like the gold standard?
In the first case, it seems like it would be revolutionary, but I don't think it would be difficult to get people to pay taxes. The state can still use violence against you if you don't follow the rules. The main advantage I see would be how difficult it would make it for governments to impose an inflation tax -- and hopefully that would lead to more fiscal responsibility.
If it ends up being more like the gold standard, I suppose we would have a continuation of the current world, with more vicious downturns when the happen because governments might call each other's bluff on whether they really hold the bitcoin they claim to hold.
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I think the same way. That's why sovereignty and freedom are the only path for anyone who wants bitcoin as money, and this is an individual choice and journey. This requires you to recognize that you're just their slave so you can then see more clearly the difficult path of sovereignty, and I saw that it's not for everyone. The more people follow this path, the more evident this will become, and then they will attack.
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