Oh no what if they have a monopoly? Imagine if store ONLY had paypal. That would be terrible.
Yes, it would be terrible. But fortunately, it is fairly hard to meaningful censor many blockchains. Bitcoin and Nakamoto consensus was created to route around the finical systems monopoly. I think there is fundamentally no chance of a crypto becoming an absolute monopoly since it would have to compete with other cryptos.
don’t think they are suitable to solve problems with currency at all.
Without using the word market, I would say that I think anyone and their friends should have the freedom to create and experiment with their own finical systems if them want. And no one should force them to use a finical system they don’t want.
Without using the word market, I would say that I think anyone and their friends should have the freedom to create and experiment with their own finical systems if them want. And no one should force them to use a finical system they don’t want.
Never did I say that I am against that. But these systems should be taxable if necessary etc.
Yes, it would be terrible. But fortunately, it is fairly hard to meaningful censor many blockchains. Bitcoin and Nakamoto consensus was created to route around the finical systems monopoly. I think there is fundamentally no chance of a crypto becoming an absolute monopoly since it would have to compete with other cryptos.
I don’t really understand what you are trying to say. What do you mean by absolute monopoly?
Why would anyone advocate for nation-state taxation? It is a centralized monopoly of violence.
Decentralized communities have demonstrated time and again that taxation can be programatic and voluntary. Decentralized communities have also demonstrated governance in ways that dismiss the need for taxation.
Yes, it would be terrible. But fortunately, it is fairly hard to meaningful censor many blockchains. Bitcoin and Nakamoto consensus was created to route around the finical systems monopoly. I think there is fundamentally no chance of a crypto becoming an absolute monopoly since it would have to compete with other cryptos.
Without using the word market, I would say that I think anyone and their friends should have the freedom to create and experiment with their own finical systems if them want. And no one should force them to use a finical system they don’t want.
Never did I say that I am against that. But these systems should be taxable if necessary etc.
I don’t really understand what you are trying to say. What do you mean by absolute monopoly?
Why would anyone advocate for nation-state taxation? It is a centralized monopoly of violence.
Decentralized communities have demonstrated time and again that taxation can be programatic and voluntary. Decentralized communities have also demonstrated governance in ways that dismiss the need for taxation.
Sure, I think some tax systems such as the harbinger tax could be much easier to implement with a blockchain based system.
yes “absolute monopoly” was not a good choice of words. What I mean is a monopoly enforced through coercion.