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this post was submitted on 29 Feb 2024
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Buy the real ones, bitcoin, ethereum, monero. Second tire like litecoin are okay, but not as good. Stablecoins are not real crypto since they are managed by companies and can be revoked or frozen.
What is the point of cryptocurrency if someone like you has to tell other people which ones are the good ones?
In my view, the point is that everything will be tried, and lots will fail. But some will succeed, and those will become the things people go to. Another point is that most cryptocurrencies are either deflationary or inflationary, but controlled very strictly by code, and therefore runaway inflation will not happen. So there will be no more million dollars in Bobway bills, or Venice Waylas, or Argentina's, or whatever, with hundreds and thousands of percent of inflation per year. Separation of money and state is something we should strive for because the state will no longer be able to fund endless wars and prosecution against innocent people. The way they do it now is through inflation, since taxation is not popular.
Why are you assuming the successful ones won't be scams? There are lots of successful scams.
Also, taxation pays for things like roads and fire departments. It ensures meat and medications are inspected and not tainted. It enables enforcement of environmental regulations.
I know the whole libertarian 'taxes are evil' thing is something you guys believe, but it is not actually the case and there has never been a nation where there is no taxation in the history of currency.
Also, 93% of Americans think it is your patriotic duty to pay taxes. Many of them think taxes are too high, but most people think taxes are not a bad thing in general and people should pay them.
https://www.irs.gov/pub/irs-pdf/p5296.pdf
Sorry, your tax-free, everything is privatized world is not something the majority of people want.
I know taxes can be used for good things. However, I would argue that in the majority of cases, taxes are nothing but a way to extract money from people and give it to a select few in government or friends of government such as Lockheed Martin. Why does everything the government uses cost so much? Because there's no competition, and very little to no need to inovate and ask how something could be done better. I dont see NASA flying reusable rockets for example. Before SpaceX launch costs were way to high because of slow design. Now a highschool can put up a cubesat if they wish. We can argue about whether they should or not, but the point is that they can, and they could not before.
The majority of cases? Really? Can you demonstrate that? Because this sure says otherwise-
https://www.nbcnews.com/business/economy/heres-where-your-federal-income-tax-dollars-go-flna654971
First you claimed most people don't like taxes, which I showed you was false. Now you claim the majority is used for defense, which is also false.
What is CBPP? if its government its not trustworthy. Even then, defense showing as 20% means that 20% of my money is going to kill people who have never harmed me. So can I just refuse to pay 20% of my taxes? No, I can't. Because if I did, I would be thrown in a cage and made to sleep with the lights on 24/7.
https://www.cbpp.org/
Looking forward to you telling me they have no credibility.
And no, you don't get to choose where your taxes go to. In any country. Ever.
And yet you were still incorrect on both points.
Sorry, most people are fine paying taxes.
My point exactly, now please stop pissing into the wind