Topic: Will Bitcoin End The Current Political System? - page 2. (Read 204 times)

At what point do you stop using fiat i.e dollars though? 35% of all US dollars were printed this year alone & they still enforced taxation

Bitcoin is a winner takes all situation. History show people are drawn to the best money. There was a gold standard, then they deceived people for 100 years. People were enslaved by a corrupted gold standard. The Bitcoin standard cannot be corrupted - it's power to the people.

People have been conditioned for years to think whatever governments do is right. When you step back & look at the financial system & how the distribution of wealth impoverishes the many & enriches the few; you only come to one conclusion - fiat currencies (dollars, euro, yen) are all scams. They're all trending to zero - at tax payers expense.

There is no cost for regulations when you have the vast majority accepting them. If we were to take a survey, the largest % of people more than likely see Bitcoin as a get-rich-quick scheme rather than a way to avoid financial enslavement our actual system brings us into every day.

We can't have a decentralized governance. That's just not how it works. How will there be decentralized police? Who replaces the attributed functions IRS has? How do you make it so that everyone lives equally, without seeking more power - when greed and thirst for power is basically part of the human nature? Who decides what's truly right and wrong? Who would really fight against Bitcoin regulations? Have we seen any riots against KYC? Why not?

Bitcoin as one global economy is just a dream and nothing more at this point. You see a "revolution" because it's brought up on the internet by people who share common interests with you - for the average Joe, BTC is just a sweet USD profit.

Don't think Bitcoin makes you completely free. It doesn't provide complete freedom and anonymity. If the government bans BTC in your country tomorrow, good luck using it without leaking information good enough for authorities to catch you. Bitcoin does bring something new to the game, but it cannot fix wealth inequality and the world's problems on its own.

While Bitcoin may have gotten quite some attention over the years, I do not think people are going to riot, protest, tax, or rebel for the right to use it, nor do they need to. What we should do is use Bitcoin through decentralized media, that way governments do not have any sort of contol or regulation.

To the main topic, Bitcoin is not meant to end the current political system or even the financial system. It's simply a peer-to-peer network which offers users an alternative from the fiat system and people are free to use it whichever way suits them; as a reserve asset, hedge fund or as a speculative asset.
It's difficult to predict what stage Bitcoin would be in the next 50-100 years, but it can not serve as the global currency as it is. Imo, both fiat and the bitcoin standard compliment each other; one as a currency, the other as the global reserve asset.

'The Sovereign Individual' predicts by 2025, the Information Age (Bitcoin & the Internet) will end the current political system.

In my mind it's extremely clear; governments losing power to the information age & a cyber currency (Bitcoin) is inevitable. There’s no borders or jurisdiction online - they can regulate it as much as they want; cost to enforce to all their citizens is too high. In the mean time, people are losing faith in fiat currencies. Slowly, then all at once people will jump to the currency that doesn’t rob them - Bitcoin. Their biggest revenue streams are the hidden taxes i.e inflation & various forms of money printing. 21m Bitcoin only - their revenues will dry up. Money is power & they will lose it eventually.

Sure there's going to be a transition period; they will no doubt do something coercive to retain their power. If it's too much, citizens will just riot, protest, tax rebel (Exit into a Bitcoin circular economy).

Love to hear thoughts & opinions It just seems so obvious to me at this point.