[matheusmoreira]

Even if it's used for corrupt purposes, it's not really any worse than the current system. The subversiveness of cryptocurrency is a feature. Governments are as corrupt as can be. They screw up the economy and make ordinary citizens pay for it by raising taxes while refusing to touch billionaires. Maybe it'd be a good thing if they went bankrupt for once.

[Priem19]

I think you seriously underestimate how ugly society would get if the government went bankrupt, and how quickly bitcoin would be rendered useless. Moreover, if governments are corrupt on fiat, they'll be corrupt on bitcoin as well.

[briefcomment]

Bitcoin is just an asset that has some interesting traits, that make it more attractive to some people vs. other assets. Other assets will still exist. Other monies will probably exist too - they’ll have some benefits over Bitcoin in some use cases.

I don’t see why governments wouldn’t tax Bitcoin income and transactions the same way as fiat income and transactions. Me paying someone a hundred dollar bill is even less taxable than Bitcoin.

Obviously everything will sound dystopian if you take it to the extreme.

[lmm]

> Even if it's used for corrupt purposes, it's not really any worse than the current system. The subversiveness of cryptocurrency is a feature. Governments are as corrupt as can be.

Disagree. In the current system it takes an enormous effort for the majority to suppress individually profitable but socially harmful activities (like bribery), but it can be done; many developed countries achieve quite low levels of corruption. Bitcoin makes that a lot harder, by design.