Actually got a question (all good faith 😊), would you consider a peak society one that does all transactions on Bitcoin or Monero or whatever.
Secondly, how would tax revenue be raised then (for said social programs)?
Discussion
The society will be more like your government try to robe everything you have and you trying to keep and hide what you can... oh it's already here, Gold, Silver and Monero fix it (Bitcoin is transparent so you are fucked)
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?”
I was thinking more about how to enforce that as a reality given the crytographic security advantages of this currency over, well, a bank that can be forcer by the governent to freeze a person's account, of whom hasnt been paying their taxes.
Effectively, how do you see this working is what i am more about asking
Oh I see.
Well, it’ll be trickier for sure. But how do governments enforce this today? If you don’t pay, prison, property seizure, etc. bitcoin won’t remove that possibility where there are laws and states.
Btw, not saying that should happen or be an advocate for that! Just saying technically they would use laws and law enforcement to enforce, even if they couldn’t actually obtain your bitcoin.
Well, it is potentially easier to launder bitcoin and even easier to do huge transactions to circumvent normal payment techniques (of today, e.g. credit cards) with Monero.
My point or question rather is how you will account for the effective loss or large(r) degree of loss of the state's effective involvement in peoples' finanicla lives.
You say you are a progressive? Consent is one of the most important principles most progressives share. So if someone is acting against my consent he or she abuses my right to integrity.
Why should it be okay that a group of people is "legitimised" to act against my consent? How is that progressive? Don't you think it's criminal?
The solution will be outside the box. Not by retorting to old paradigms, old dialectic concepts.
We will need to grow our consciousness and be able to contain the whole spectrum within us.
How do you enforce something if you don't know who they are, how much they sent, or who received it?
This is made even more difficult, if not impossible, with private crypto like Monero or any privacy layers that may come to Bitcoin. Ecash already does this (although it is custodial)