Maybe bitcoin is the solution to the us federal government debt. And maybe governmental debt everywhere.

Think about it. Suppose you were allowed to tax everyone in the US every time they sold something for more than they bought it for and suppose bitcoin becomes equal in value to all money…you’ll eventually be able to tax all of money as it will all be capital gain along the way…and the more frequently people buy and sell, the larger the fraction of value you get to extract by taxation (just imagine selling all of your bitcoin every time the price went up 10x since 2010 -and immediately rebuying -…you’d pay a tax on your 9:1 gain 6 times…you’d have only 18% of your original stack left if tax rate was 25% (0.75^6=0.18).