RE: RE: Economic freedom is in cryptocurrencies.
You are viewing a single comment's thread from:

RE: Economic freedom is in cryptocurrencies.

Words
114
Reading
1 min
6y

Spot on analysis as usual.

This Corona Tyranny has convinced me much more that the power of governments must be severely curtailed.

The best way to do this is to end the ponzi fiat based financial system that enables government tyranny.

Whenever the major income sources of a country are concentrated, tyranny arises (the so called oil curse). The vast printing of fiat money is the oil curse x 10.

Decentralisation spreads out the income generation of a nation and cryptocurrency means that taxation has to be by true consent of the governed, and thus limited to the basics that the vast majority of people are willing to fund (Defence, Courts and maybe internal policing).

@apshamilton: Spot on analysis | Ecency