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by closeparen
3446 days ago
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1) The Bitcoin community day-trades a volatile security while singing its praises in public. It's not clear why Bitcoin advocates should be seen as any more credible than their counterparts on Wall Street, whose characteristic activity is exactly the same. 2) "It won't be possible for the government to enforce taxes or seize assets" is not a selling point outside the criminal, libertarian, and anarchist communities. Most people seem to feel that the rule of law is too weak in the financial realm, not too strong. HSBC's money laundering for the cartels, for example, is generally considered a bad thing. Billionaires minimizing their taxes through tricky schemes are seen as villainous, not smart, by a simple (though not electoral) majority in the US. 3) Inflation is not a problem Americans have or have had since, like, the Carter administration. Given how leveraged most households are, we'd probably like some more of it. "Inherently deflationary" and "no central bank" are not compelling arguments, and just further the anarchist/libertarian branding. |
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