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by BizarroLand
810 days ago
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Ahead of its time. Not a bad call. In a quasicapitalist utopia, crypto would be a very convenient way to enable the government to set a stock value for a universal cryptocredit and make that credit its default method of value transfer. They could do something like pin the value to 1 credit = 1 hour of unskilled menial labor, and strictly control the supply. With appropriate software monitoring and a lack of other methods of direct wealth transfer, it would make it impossible to not properly pay your taxes and vastly more difficult to exchange wealth without government oversight, and make money crimes vastly more difficult, from hiring criminals to do crimes to purchasing drugs and weapons for illicit purposes. It's the perfect system for a dictatorship as well. |
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