SaberhagenTheNameless on Nostr: Bitcoin/Monero can't replace the dollar or any national currency for it's citizens. ...
Bitcoin/Monero can't replace the dollar or any national currency for it's citizens. All white markets transactions are controlled by the arbitrary rules of the state (which can artificially offset any gains or inflict burdensome economic costs via taxes/regulations/capital controls that handicap it). Bitcoin won't change that. It's advantage only manifests as between distrustful nation states and black markets.
Published at
2024-11-10 06:48:19Event JSON
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"content": "Bitcoin/Monero can't replace the dollar or any national currency for it's citizens. All white markets transactions are controlled by the arbitrary rules of the state (which can artificially offset any gains or inflict burdensome economic costs via taxes/regulations/capital controls that handicap it). Bitcoin won't change that. It's advantage only manifests as between distrustful nation states and black markets.",
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