Forget About the ‘Carbon Footprint’ : Here’s How Bitcoin Reduces the Government’s Footprint
Bitcoin prevents governments from disrupting a free economies by protecting participants’ property rights.
Bitcoin prevents governments from disrupting a free economies by protecting participants’ property rights.
This widespread conflation of cryptocurrency and fiat currency comes from two vital misunderstandings: a lack of an understanding of what exactly fiat is and a lack of understanding of value’s subjectivity.
This non-discretionary monetary policy can best be described as asymptotic money supply targeting (AMST).
Elevating morality above perceived efficiency makes for a profound starting point.
A mere ritualistic incantation of money laundering and black money as a justification for total prohibition will not satisfy the test of proportionality.
But there is still hope.