Tertiushand on Nostr: I think that's a lot of wishful thinking for Libertarians. Bitcoin is traceable via ...
I think that's a lot of wishful thinking for Libertarians. Bitcoin is traceable via receipts which the CIA/FBI use frequently to catch tax evasion and terrorists.
Most of the money printed is to replace destroyed bills, so while it may affect it some, it wouldn't be as big of an impact as you might think. Most of their money actually comes form taxes which would still have to be paid, even if with Bitcoin itself (like in Colorado).
The country already has watches on known Bitcoin wallets associated with Russian actors. All they do is watch those wallets for transactions to figure out what they're using them for.
Bitcoin will not topple the State, they'll simply us Bitcoin instead of USD. The benefit is that they'd need a warrant to trace your transactions vs a CBDC where the information is readily available.
Most of the money printed is to replace destroyed bills, so while it may affect it some, it wouldn't be as big of an impact as you might think. Most of their money actually comes form taxes which would still have to be paid, even if with Bitcoin itself (like in Colorado).
The country already has watches on known Bitcoin wallets associated with Russian actors. All they do is watch those wallets for transactions to figure out what they're using them for.
Bitcoin will not topple the State, they'll simply us Bitcoin instead of USD. The benefit is that they'd need a warrant to trace your transactions vs a CBDC where the information is readily available.