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0 sats \ 0 replies \ @Manikese 12 Jun \ on: How Would Government Handouts Work on a Bitcoin Standard? bitcoin
I love thought experiments.
First off, 1 Sat will equal 1 Sat. There is no “driving up the price of Bitcoin.”
People that think there will be no government are being naive. That isn’t how human societies function. We need organization. It would be great to have the 3 branches, in a limited form, as the founding fathers of America intended.
With abundance, we would have more care for our neighbor. Handing out Sats wouldn’t be a thing. However, public housing, food, and water would be available. People who want more than basic necessities can find what society needs or wants, figure out what talents they have that overlap, then produce and be rewarded for their efforts.