I would say I see bitcoin as the medium of exchange when it transitions from solely store of value (as most people see it today) to medium of exchange where it holds purchasing power but doesn’t have the crazy early currency swings we see today.
And I would say we raise taxes the same way we do now, in various ways. That’s up for debate, but finding a balance of taxation that works and is most effective (is income tax and low wage workers effective? Nah I don’t think so. Sales and other taxes and wealthier individuals? Yeah probably. Plenty of room for discussion there). My first question is, ok raise taxes , but for what? For wars, corporate bailouts, and servicing our debt? Let’s get out of that death spiral.
Society needs to see government as its government, democracy, and reflection of it serving us, to then accept taxation. Otherwise, we have what we have today which is many people saying “what I’m I paying for exactly?”
