Thursday, 4 June 2020

Can we really opt out with Bitcoin?

Hi all, I want to hear your strongest arguments for and against the idea of “opting out” with Bitcoin. I’m not quite a maxi and believe there is a place for altcoins (though far less than exist today), but let’s focus on this Bitcoin narrative here.

“Defund the state, buy bitcoin” — you see it all over Twitter. But how does this actually work if we still have to pay taxes on every transaction? What does opting out look like/ to what extent?

I want to believe but am not enough of an Econ nerd to validate or invalidate the idea myself. Look forward to hearing your thoughts.

submitted by /u/HenloSmolBeans
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