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by eternityforest
1611 days ago
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Bitcoin can absolutely be stolen at the point of a sword, and unlike with a bank, they can't just reverse it. In some countries, bitcoin might be better... but there's got to be ways to help them that don't involve the whole world mining. It might not have inflation, but I suspect that if the whole world switched to CC we would still have poverty, still have slave labor type wages for some, and all the usual stuff. Bitcoin specifically seems to have a built in regressive tax in the form of transaction fees. Even sales tax is a bit better because that has exceptions for most essentials. This punishes those who rarely ever make transactions above 100$ and rewards those who make large ones regularly. |
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