Hacker News new | ask | show | jobs
by throwaway9848 4611 days ago
None of those is remotely in the realm of possibility, except maybe #2 and the difference in scale (at least in the US) between total tax receipts and the float of BC is so vast that it limits it to a very small percentage of the total. All bitcoin currently in circulation amount to 0.1% of one year of US tax revenue ($2.5T v $250M).
1 comments

Two and a half years ago 1 BTC was 200 times less valuable - around $1. Give it two more years and it will be 10% of US tax revenue. Than everything will be possible.
Why not wait 10 years until it is 1000% of US tax revenues?
In ten years there won't be any meaningful US tax revenue.