Something Interesting is bamboozle free
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Happy Genesis Block Day! Today we are answering a few of the reader questions that came in during the break. Next post we will resume normal news coverage.
In this issue:
Why doesn’t Bitcoin just tax holders? (reader submitted)
Does quantum computing kill the coin? (reader submitted)
Does an EMP blast kill the coin? (reader submitted)
Does taxation kill the coin? (reader submitted)
Something Interesting is bamboozle free (reader submitted)
Why doesn’t Bitcoin just tax holders?
“You talked about how the block reward might run out before Bitcoin has a fee market but I don’t think it even takes that 140 years. It suffices that price increases don’t match the halving rate. So far it has more than doubled every four years but if you assume it eventually doesn’t, what follows? The txn fees were conceived b/c the value was initially conceived as a medium of exchange. If it was conceived as more of a settlement layer / store of value, then perhaps the appropriate thing to tax was wealth not payments? Kind of scales linearly with the utility that one derives?” — IS
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