Author

Topic: Dollar Voting from a Bitcoin perspective (Read 21 times)

legendary
Activity: 2254
Merit: 2003
A Bitcoiner chooses. A slave obeys.
December 06, 2024, 09:53:20 AM
#1
Surely most of you have head about the concept of "voting with your money". But if people really vote with their money, and if the government(s) get to decide what their fiat currencies are worth by means of artificial inflation, then who has the power over a country, really? The people or the officials in the government?

Fiat currencies require the element of trust, something not required in Bitcoin. Would a decentralized, unbannable, and incorruptible version of money, such as Bitcoin be considered the people taking back the power of voting from the government?

Can a true democracy run on a trust based financial system?
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