[hnthrow1010]

>I am quite hopeful that the ability for governments to extract wealth is limited greatly by the rise of crypto

I described a situation where this wouldn't happen though.

>If the government wants taxes they can do it by selling services to people who can pay for them if they agree it has value.

I'm sorry, this seems contradictory. I thought the possibility of this was already discarded when the idea of reform was thrown out. The assumption with the "bottom-up" idea seems to be that the government will always stay corrupt. If you take that approach then can't you see how this probably will end up like another failed bailout where nothing changes? Effectively all that's happening is more foreign money is being dumped into the system, except now it's just coming from offshore crypto speculators instead of from other governments. Try to look at this from a macro view.

Just my opinion: Crypto is pretty bad regardless of what your politics are. The ridiculous amount of fraud and scams in crypto, and other bad things like ransomware, are wrecking common people too. It can absolutely be worse. And, the theory and ideology of crypto doesn't actually stop a government from collecting taxes anyway.

[seibelj]

Just my opinion: Central banking is pretty bad regardless of what your politics are. The ridiculous amount of inflation and corruption in central banking, and other bad things like telling society to stop using energy to "sAvE tHe PlaNeT" and be cold all winter (while I seriously doubt the rich politicians are keeping their thermostats low!), are wrecking common people too. It can absolutely be worse. And, the theory and ideology of central banking doesn't actually stop the individual from revolting anyway.