[bitcoin_anon]

Indeed. Was Beepboop arguing that inflation is the mechanism that funds our shared existence?

Why do you think cryptocurrency at its philosophical core enables wealth hoarding? If I don’t pay my property taxes, I lose my house, regardless of how much cryptocurrency I own.

Why can’t we have a separation of money and state where the state receives its due through taxes and is unable to inflate the money supply?

[tromp]

Cryptocurrency doesn't enables wealth hoarding at its philosophical core, as demonstrated by some that have a pure linear emission, like 1 coin per second forever, with no benefit whatsoever for their creators.

[sanderjd]

I'm having trouble making sense of anything in this comment.

[beeflet]

I think he's just advocating for the idea that money (and monetary policy) should be separated from taxation, like the gold standard. Or maybe an imaginary silver standard, where the citizens hold the precious metal directly (and pay taxes in it) instead of just having the currency backed by precious metal.

Just because the government and banking institutions can't easily censor and restrict the money supply, doesn't mean they can't collect taxes on it. In a word where crypto is the dominant form of money they can just throw you in jail if you don't pay taxes.

If you need to pay X amount of taxes, maybe the government should explicitly collect X amount of taxes transparently instead of collecting Y amount of taxes, selling a bunch of debt that needs to be financed at a later date, inflating the currency, etc. Because the more transparency in a democracy, the fewer ways for politicians to hijack taxation.