Many argue that capital gains taxes are the main reason more people aren't using it as a MoE. I hate this argument. The current fiat system is more predatory and despicable than King George's monetary control of the US Colonies in the 1700's.... Yet, the colonists still called out the bullshit and literally fought back against it. Bitcoiners today, using fiat because of "muh cApiTaL GaInS bro" are pathetic. If the people who understand why fiat is so bad aren't capable of mustering the strength to stand up to their governments, then I'm very pessimistic on the idea that normies ever will. Here we are, under King George's rule again, and Bitcoiners wanna hodl because of weak SoV narratives, NGU, and capital gains taxes. Sounds like a failure to me.

Excerpt from Benjamin Franklin's autobiography "The colonies would gladly have borne the little tax on tea and other matters, had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonies to get power to issue their own money permanently out of the hands of George III the international bankers was the prime reason for the revolutionary war."