TheFockinFury on Nostr: That’s an absolutist view. If bitcoin truly replaces central banking then yes, what ...

That’s an absolutist view. If bitcoin truly replaces central banking then yes, what you describe is a likely side effect. I personally don’t see that as likely whatsoever. I think bitcoin will replace our payment rails, will provide a parallel avenue for storage of wealth, will serve as a check on inflationary tendencies in our economy, but it won’t fundamentally replace the state.

But again, my view doesn’t matter. Tick tock, next block.