History students know the Edict of the roman emperor Diocletian in the 3rd century: it was one of the last attempts to stabalize the over-stretched falling empire by price controls and travel restrictions. What surprise, it failed...
Price and capital controls are always followed by economic or, worse, cultural decline. The number of countries going down this ugly path of minimum wage, rent price control or taxation of cross-border remittances these days is alarming, considering that even the USA is among them.
We Bitcoiners hold the solution in our hands. It will be a tough transition nevertheless...
couldn't agree more!
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Thank You
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