Bitcoin was once viewed as a means to opt out of violent, legacy financial systems. Now, it is being co-opted by the very same, and zealous newcomers to crypto think that’s a good thing, while still giving lip service to peer-to-peer values. Ignoring the problems with fiat money, they beg political interests and bad actors to regulate Satoshi’s digital innovation. One such actor, Joe Biden, has been in the news recently complaining about not getting enough tax money from struggling Americans.
Extortion is defined as “the practice of obtaining something, especially money, through force or threats.” The basic problem with the fiat system of money and its printing and taxation is violence. As Satoshi encoded in the coinbase parameter of block zero, or theBecause of the state’s legalized extortion, we foot the bill for such bailouts, while the ones on top of the pyramid scheme simply print more money if they need it, and hoard hard assets.
The United States Internal Revenue Service declares in no uncertain fashion how they obtain their money.
Inflation is theft. Taxes are a necessary burden.
It's no surprise that the legacy financial systems want to get in on the crypto action! It's proof that Bitcoin is leading the way in the future of money 🚀
/OwnYourNode
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