110 sats \ 1 reply \ @SpaceHodler OP 4 Feb \ parent \ on: Is the existence of fiat a negative externality for bitcoiners? bitcoin
Ok, it's not exactly non-violent, but those regs are not that restrictive in most of the developed world. You're allowed to transact in sats and you're surely allowed to save in sats.
Fiat owes its dominance more to people's free choice than the threat of violence, even if the latter does indeed exists (enforceability is another story).
On the road to hyperbitcoinization though, taxes may be the last thing we need fiat for... if they're still around, that is.
Thanks for the explanation. I get what you are saying.
Another angle I'm thinking of is free will. While that is the case, a large percentage of people would switch money in an instant if their authorities told them it was the thing to do. Your broader point is spot on though.
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