Before i trigger Darth, i would like to say that, i personally, would welcome a btc standard and i think it would make the world a better place and keep govs honest.
But, i cannot imagine any scenario in which any gov would ever allow it because they would lose the power of printing money out of thin air.
the people would welcome it as it would keep the gov more honest and stop their ability to wage all kinds of super long wars (short wars still on the table), but the gov doesn't want to be more honest.
I just cannot imagine a government, even a seemingly benevolent one like Sweden or Singapore, giving up the power of printing money. shit, the whole reason the world ended up going off gold was because during war times everyone started overprinting unbacked paper and then it was like game theory and they all started doing it.
am i being naive about this, or would there be some compelling reason for govs to go back to a hard money standard?
What is a "bitcoin standard" for you?
https://postimg.cc/MfbVdWt6
LOL you are so gullible.
https://postimg.cc/vcnS336P
it would keep them a bit more honest IMO, but i don't think most people could be sovereign individuals, i don't think most would even want to be
don't be a statist
https://postimg.cc/JDRQS0zq
It's that Stockholm syndrome kicking in...
i'm still on my toxic maxi anarchist arc
doesn't seem so
Bro stfu
oh look who's talking, the shitcoiner...
And only reason I posted that is cuz I 10x my investment with sol something your stupid ass still probably hasn’t done yet
Just be careful not to click those fake Metamask/Phantom wallet drainer phishing links
Look who talking the 600 pound virgin
Is Darth that idiot incel I had to block earlier? He sounded mad because his sister wouldn't f him and was looking for someone to take it out on.
It's not like they will have any choice.
When energy providers, police, military and defense contractors demand to be paid in bitcoin, gov will not consent to but be forced to go on a bitcoin standard. Because if they refuse, the other government that will pay the police and army in bitcoin, becomes the official government.
Believe that.
This is the plan for Suriname - Bitcoin recognised as legal tender day one, and moving to Bitcoin as unit of account going forward - the export of it's resources settled on the blockchain so the allocation of funding is transparent to the public and insulated from the endemic corruption and fraud it's affairs are routinely subject to currently.
it doesn't matter how much bitcoin the government officials stack. they cannot create an output that is compatible with reality all the time. it's a mathematical and physical impossibility. does not happen, never happened, and never will happen.
#760447
No state or government is going to do that, apart from El Salvador and Argentina, which are working on it. Overthrowing the fiduciary empire is a battle that may never happen.
Good thing people don't need government consent.
A government would allow it if they owned bitcoin, and their fiat collapsed.
Its not like they have lost the ability to print money, its just that they have lost control of how the public views their currency. They wont be able to inflate it the way they want anymore.
i dunno man, i think they will keep on inflating and people will just take it, most people don't even know that their money is backed by nothing
Certainly the system has made us all fall asleep in the face of the fallacy of Fiat money.