pull down to refresh

But Bitcoin necessarily drives the government into bankruptcy. If they lose the ability to issue currency at zero cost, they can't keep financing all the projects you're asking them to manage.
Wrong. Bitcoin limits the ability of government to debase the currency it issues and by so doing imposes some much needed disciplinary pressure upon them to not do so. Asian countries have long understood this with their relatively open and liquid gold markets- this limits the ability of these governments to squander their fiat monopoly because it gives citizens an alternative liquid SoV- Bitcoin builds on this by providing SoV and also MoE. However a responsible government can manage its fiat system or even allow Bitcoin to become the dominant MoE and still tax citizens and still invest in worthwhile projects - Bitcoin does not cripple governments- it simply imposes some healthy discipline over their fiat debasement capacity. A nation operating on the BTC standard should have a much empowered private capital sector- with much more capital allocation directed by citizens (who have exercised healthy thrift and accumulated Bitcoin capital) and much less parasitic debt. A strong economy is entirely possible and a good and principled government could undoubtedly work within those limits. Such a nation could perhaps be free of the Jewish banksters and its wealth could truly accumulate to those who contribute productive effort and investment rather than being taxed by shadow bankers and puppet politicians owned by those banksters. They would first have to escape the clutches of the fiat debt slavery bankers cartel IMF.
reply
Maybe. I suspect the limits Bitcoin imposes are a lot more radical and not easily resolved with minor changes to budget allocations. It's effectively a regression to pre-WWI spending levels because income and wealth taxes can't replace currency debasement.
reply
Good!
reply