RE: LeoThread 2024-12-23 15:55
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I have seen criticisms that Bitcoiners are largely anti-government and are now celebrating that governments are embracing Bitcoin.
Bitcoiners are against debasement of the currencies. With governments embracing Bitcoin, it means that they are also buying into hard money rather than their own debased fiat. It means Bitcoin is winning the argument.
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Bitcoin isn't "hard money" unless we are going to redefine that term. "hard money" refers to coinage made of a commodity (typically silver or gold). In contrast with "soft" money which is fiat (traditionally paper).
That doesn't mean bitcoin isn't better than government fiat, but it isn't "cold hard cash".
No, of course not. If civilization were to collapse, Internet access is not assured for people to continue using cryptos. But, one problem at a time.
It’s also a trick on their part. As soon as they allow you to use crypto to pay taxes or fees they know for sure you own crypto. Harder to hide it from them.
I suppose that's true. But I generally don't hide my crypto. Early on, after some thought, I decided it's more practical to pay tax. I would slip up eventually in my privacy efforts.