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by thevardanian
3095 days ago
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Not yet. You bet your ass that if Bitcoin gets large enough State actors will use coercion to regulate it, track it, tax it, and do what bureaucracies do best. Nothing escapes the Leviathan. The USA uses Eminent Domain to steal land, and uses laws to deny gold as a currency, what's stopping congress from doing the same with cryptocurrencies. I mean people are acting as if governments in past haven't faced similar problems. The only real value of currency is if a STATE actor accepts it as payment. Otherwise international trade, commerce, taxes, etc. would all be moot. So Bitcoin can never be a large scale, nationwide, let alone international currency. Even though currently it is large, and getting recognition from State actors, but it's not large enough to enter the domain of legislation. |
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