"Governments tax what is valuable. A good is not valuable because it is taxed. Similarly, militaries secure what is valuable, not the other way around. Ultimately, a government cannot dictate the value of its currency. It can only control its supply and who has access."
-Parker Lewis
Fiat will die, the real debate will be over who is allowed to use bitcoin as the new global money.
The paranoid crypto anarchists of the world have a head start and own majority of the supply, stay vigilant and keep Bitcoin out of the hands of those who seek to lock it up in permissioned L2 traps. nostr:note1dy0mws3mul53ntdapjdq06ts4cx88aywhnh9fltwj7wchv8x7xgsq9sd9y
If they can spend they will spend. Unless you eliminate the fed as the bond buyer of last resort, they won't reduce spending. The programs may change but the amounts won't change significantly.
Being an anarchist I'm very reserved about government organization's stacking sats, but @Excellion changed my mind. They will come for our money if they go broke, so better to let them mine their own instead of coming for ours.
If you hold the ecash from the mint on your npub and the mint shuts down, can you still sweep to lightning? Could you swap to ecash from another mint and melt the ecash from the closed mint? Or would the ecash show invalid if you tried that with the mint closed.
Ok that makes sense, I like the idea of companies holding bitcoin in reserves and issuing ecash or credit based on their reputation. Especially if it's a local company so its reputation and web of trust are at stake if they rug users.
I think cash issuance (credit) is perceived as centralized and gov controlled (since it is today), but like you said that wasn't always the case. Many different private cash (credit) issuers that all work together is a vast improvement over our current credit based systems.
The only healthy way for individuals to have a relationship is under a system of fair and equal rules.
Favoritism is a cancer, and modern forms of governments are based on systemic favoritism.
What we need is a new set of rules, an equal set of rules, that governs our relationships with each other without favoritism.
Viva La Bitcoin
Democracy, like divine right or birth right, is a justification for the state to exist.
Like playing the lottery makes people feel less broke, participating in the ruse of election makes people feel more in control, and less likely to revolt. https://i.nostr.build/dUX7ItTFgf4Ls8GT.jpg
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