Your argument then is that despite the fact that the participants of the largest economy on Earth are effectively forced at gunpoint to use US dollars, dollars aren't necessarily any more valuable than cryptographically random numbers, because other currencies have in the past stopped circulating.
Yes, and no. Yes, because, the taxes are not the magic wand that your paint them to be. No, because, I will not recommend anyone to put all their savings in bitcoins.
Also, define valuable, and we'll talk. I can easily foresee situations (even now) when bitcoins are valuable to me than dollars.
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Your argument then is that despite the fact that the participants of the largest economy on Earth are effectively forced at gunpoint to use US dollars, dollars aren't necessarily any more valuable than cryptographically random numbers, because other currencies have in the past stopped circulating.
Yes, and no. Yes, because, the taxes are not the magic wand that your paint them to be. No, because, I will not recommend anyone to put all their savings in bitcoins.
Also, define valuable, and we'll talk. I can easily foresee situations (even now) when bitcoins are valuable to me than dollars.