22 sats \ 2 replies \ @TheBTCManual 11 May 2022 \ parent \ on: Ask HN: How do taxes work in a hyperbitcoinized world? bitcoin
Yes these are all possibilities, I agree with you, but this idea we shouldn't feel economic pain for our decisions only leads to a path of totalitarianism.
If someone offers a shit service, another provider will come in, if someone overcharges another provider will bring down the price. High prices are a signal of economic distress and a call to others to solve it. If we hide these signals we lose efficiency
Efficiency isn't something that happens overnight there will be fuck ups, booms and busts, but overall over time, it would be less painful than what we are doing now
Regarding scale, each regions resources would dictate that, and we'd have much smaller cities dispursed as people move between to find the best deal for them. We need to allow for that discovery, and if one town has people running the roads or water that charge exploitative pricing, people will leave and kill their business, the customer holding the satoshis is always in control
I know it took me a while, I am not even there myself fully, I would highly recommend listening to The Bitcoin Standard podcast on
- Private cities
- Who will build the roads
It did a lot for me to get my head around how silly state intervention is in civil services
Long shot - all this just feels like a long shot, but we weren't too far away in the past where people would literally freak out if we showed them a smartphone from today and so the world 100 years from today could be so different from today's that it's literally impossible to comprehend even a bit. Hope things improve and Thank God For Bitcoin - I don't know how this movement would even start if it wasn't for it.
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Of course it's a long shot, if 50 years of floating fiat teaches us anything is that we can remain irrational for a long time. But that's the beauty of bitcoin, you can choose to opt-out and reap the benefits.
I live in South Africa, I lived under apartheid, I've been all over Africa, I've been in places of civil war, I know what man is capable of in governments/fiats names and perhaps that makes me biased but I am ready for something else, this system does not and has not worked for the global South
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