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Replying to Avatar Peter Todd

“But without taxes or a central bank how will we pay for genocide?”

Ideologue bitcoiners are so hopelessly dumb about this... Governments collected taxes just fine when everything was run on cash. Hiding income and especially property from the taxman is not easy.

The governments of the world that are actually funding genocide – Russia, Iran, Qatar, etc. – are doing it even though their currencies are garbage and hardly anyone trusts them enough to loan them money.

Bitcoin doesn't fix this.

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Flix 5mo ago

There were fewer and shorter wars under the gold standard than under fiat. Historical facts are clear.

Fiat money incentivices high time preference. War is the ultimate high time preference activity.

But sure, fight your silly strawmen all you like.

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