Pastor Coin 🫡 on Nostr: ...
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Is counterfeiting fiat money fundamentally immoral???
Follow my logic here...
1. It is wrong to counterfeit money because that would constitute fraud.
2. Fraud is wrongful or criminal deception intended to result in financial or personal gain.
3. Central banks create money from nothing and deceive the rest of us that it is valuable, we have to work for it, and we must also pay taxes in it.
4. This results in tremendous financial and personal gain for the government who oversees this system.
5. Governments therefore commit fraud.
Now....
If money is just a number on a screen or a piece of paper, why is it wrong to "counterfeit" it? Is it wrong to copy and paste an image the government says is valuable? No, then why is it wrong to print on paper an image the government says is valuable?
It was wrong to counterfeit gold because it is deception resulting in gain. Gold is a real thing which anyone can go dig up. If the government issued gold coins, and I went and found gold in a river, the gold I found is just as legitimate as the gold coins the government produced.
I can use my gold in the economy and it is not counterfeit.
Same goes for #bitcoin   . Anyone can go mine it, earn it or trade for it. You cant counterfeit it. Its fair.
But if you have access to paper and a printer, why can't you do what the bank does?
It seems the only difference between the government issuance of money and an individual issuance of the same money, is the government has more guns to enforce their paper.
What is the moral argument against printing government "money" if you have all the equipment necessary?
I wouldn't do it or advise anyone else do it because the risk is not worth the reward. But from first principles, is it immoral?
Comment below and let me know what you think?👇👇👇