Hacker News new | ask | show | jobs
by thisiswrong 4471 days ago
So you think people will prefer to use worthless plastic/paper currencies that are continuously deflated by governments to fund war and oppression? Cryptocurrencies will streamline the new digital economy - which encompasses all of our lives. Hardware wallets will soon allow people to secure their money with ease. Cryptocurrencies will revolutionize the world in ways that we don't yet understand. It's hard to conceptualize, but bitcoin the 'currency' is so insignificant compared to bitcoin the 'invention'.
2 comments

> So you think people will prefer to use worthless plastic/paper currencies that are continuously deflated by governments to fund war and oppression?

The currencies are continuously inflated, not deflated.

But either way, do you seriously think that governments won't simply use cryptocurrencies to fund both war and oppression if those cryptocurrencies ever become popular? Can you possibly be that naïve?

At best you'd decouple currency from government to make the concepts orthogonal, but Bitcoin won't get rid of oppression or war, let alone crime like theft and murder-for-hire.

The main way that governments obtain funds for "war and oppression" isn't by disbursing fiat money, but by taxes. If we switch to 100% cryptocurrencies, taxation won't go away, even if it'd have to be done Roman-style, before such things as 'income declarations' existed; and the cryptocurrencies will no more allow people to "secure their money with ease" than gold allows today.