The year is 2020
>USA creates official crypto currency
>IRS implements a bancor-type protocol to allow tax payers to pay taxes on their shitcoins by transferring their shitcoins into the national reserves
>The majority of BTC and alts in circulation are largely confiscated (via taxation) by GOV
> Eventually 99% of US citizens are using only national crypto currency
Is this how it will go down for every economic nation (China, Russia, EU, etc.)?
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If those fucking kikes confiscate my coins I swear I will start a revolution.
national cryptocurrency defeats the whole purpose of it though,
bitcoin is 1 million by then we all be filthy rich
>bitcoin is $1 million
>government controls bitcoin
This begs the question if all the early adopters who got into crypto because they thought fiat was shit are all filthy rich would they still bother trying to fight the system or would they be too comfy? Normalfags that got in later obviously wouldn't regardless.
And also keep in mind, while doing this GOV would keep applying regulatory pressure on exchanges so eventually liquidating your store of value becomes impossible and eventually completely relegated to the black market.
This is the /leftybiz/ wet dream.
honestly, that style is more inline with the government/corporate-banking/wall-street nepotism that Trump and current conservatives are actually facilitating. Take the new tax policy for example. It's not really in our favor, unless you're at the top of the food-chain, which I 99.99% of Veeky Forums is not.
>Take the new tax policy for example. It's not really in our favor, unless you're at the top of the food-chain, which I 99.99% of Veeky Forums is not.
Bullshit, only people that it hurts are those that run around having a bunch of kids despite making practically nothing. I didn't even make $40k this year and I'm still getting back an extra $800.