börje on Nostr: Bitcoin tx fees - ”The last tax” In a hyperbitcoinized world where money and ...
Bitcoin tx fees - ”The last tax”
In a hyperbitcoinized world where money and state are separated, Bitcoin transaction fees will emerge as the last form of mandatory payment, replacing traditional taxes.
The reason is the following. As governments lose the ability to print money and rely on national debt, the inefficiencies inherent in centralized government and the public sector will become transparent. Frankly - the money printer can no longer be used for cover up. This transparency will lead to a gradual privatization of various areas, and financial incentives will favor privatization which eventually eliminates the public sector all together.
Consequently, the payment of transaction fees on the Bitcoin or Lightning networks will be the sole mandatory fee for participation in both local and global economies.
Hence - it will be the last tax
In a hyperbitcoinized world where money and state are separated, Bitcoin transaction fees will emerge as the last form of mandatory payment, replacing traditional taxes.
The reason is the following. As governments lose the ability to print money and rely on national debt, the inefficiencies inherent in centralized government and the public sector will become transparent. Frankly - the money printer can no longer be used for cover up. This transparency will lead to a gradual privatization of various areas, and financial incentives will favor privatization which eventually eliminates the public sector all together.
Consequently, the payment of transaction fees on the Bitcoin or Lightning networks will be the sole mandatory fee for participation in both local and global economies.
Hence - it will be the last tax