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by rafaelero
1111 days ago
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> the idea that "the people" can force countries to accept tax receipts in BTC is absolute unhinged nonsense, read a fucking book Government money will worth shit if people stop putting their savings in it. Unless you think the US government will make it ilegal to possess BTC, then it is just a matter of time for people to migrate to a better store of value. |
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also, the instant there is a non-trivial amount of commerce conducted in US jurisdictions via BTC, you will immediately see aggressive counter-measures (lawsuits, criminal charges, etc.) from the federal government
germany's minister of finance said it succinctly when there was this facebook libra thing going around
> One of the core activities of a sovereign State is to issue a currency. We will not cede this task to private companies.
https://gpil.jura.uni-bonn.de/2019/10/germany-opposes-facebo...