[MadnessASAP]

It doesn't in any way fix things. The underlying point of debasement and other schemes outlined in the article was to generate revenue for the government. Now governments use taxes to generate revenue and inflation to encourage circulation.

While taxes and inflation are generally unpopular they are also vital to the functioning of society and the economy. BTC and many other token schemes implicitly or explicitly stand in the way of that.

Breaking a system you don't like doesn't automatically get you a system that's better.

[ffgjgf1]

> Now governments use taxes to generate revenue and inflation to encourage circulation.

They always used taxes primarily whenever they could. Significant debasement was almost exclusively an outcome of extreme desperation when you had no other options left. If anything expanding the monetary supply is much easier now than when specie money was used. Debasement of course never worked longterm anyway but it was really only feasibly useful when you had the monopoly on issuing currency (e.g. the Roman Empire). In medieval Europe you’d just stop accepting the coins issued by the the city/lord/king who did that, which would be pretty easy when they put both their stamp and the year of issue on it.

[psychlops]

Coincidentally, inflation (effectively a hidden tax) is also a way for governments to ignore democratic society and divert wealth into pet projects such as unpopular global wars.

There is a reason war bonds aren't sold any more to fund them.

[TacticalCoder]

> Breaking a system you don't like doesn't automatically get you a system that's better.

At this point the US debt is growing by 1 trillion every... 100 days. The system is breaking by itself, not because of Bitcoin.

> While taxes and inflation are generally unpopular they are also vital to the functioning of society and the economy.

Some taxes and some inflation. We're way past these.

[MadnessASAP]

Pointing to a national debt without context does not make a point, much less prove the system is breaking.

Global inflation has very little to do with any one governments choice in economic policy. However it should be said that the current state of inflation would make the problems caused by the widespread adoption of a inflation "proof" currency significantly worse.

Tax rates and distribution are an incredibly subjective and political issue. Given any tax policy there will always be a healthy split of experts and laypersons who think it is woefully low and those who think it is grossly high.

[psychlops]

> Pointing to a national debt without context does not make a point, much less prove the system is breaking.

Belief in magic is why the system will peacefully continue until it breaks. While it dollar enjoys the status of the least ugly girl in the room, it too will eventually follow the same pattern of all fiat.

[jeltz]

Current inflation is mostly caused by fuel prices and that would affect BTC too.