brockm on Nostr: Because governments will continue to retain their taxation power despite AnCap ...

Because governments will continue to retain their taxation power despite AnCap fantasies to the contrary. Because there are real economic efficiency advantages to have competing currencies, particularly between different geographies to account for issues around trade balance, in the aggregate. Because the collective incentives to time arbitrage in very high. Both for governments and the private sector. Because liquidity traps and demand destruction traps can and do occur in markets, and the political incentives for governments to step in, in those scenarios is extreme.

If you're betting against all these things, I think you're betting on a bunch of human restraint and collective belief in specific ethical assumptions, that I think are a stretch to believe will be universally adopted.