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Scorched earth crypto legislation through enforcement is likely the worse US regulatory policy error ever made. As cash becomes CBDC, we'll make any value transferable as a currency, to be denominated in fiat of user's choice, meaning fiat no longer needed
Fiat's primary draw is two-fold:
1) It cures the liquidity, fungibility and portable ailments that plagued direct physical barter, and
2) Countries only allow their national fiat to be used to pay their mandatory taxes.
#P2PEconomy addresses 1), leaving only 2 as a use for cash
1) It cures the liquidity, fungibility and portable ailments that plagued direct physical barter, and
2) Countries only allow their national fiat to be used to pay their mandatory taxes.
#P2PEconomy addresses 1), leaving only 2 as a use for cash
Those skilled in arts of wealth maintenance, investment mgmt realize that fiat is the most expensive asset to hold. It's:
1) Taxed the highest
2) debased the most (inflation)
3) has the lowest returns
Why hold fiat cash when you can spend assets/commodities directly via VeDeFi?
1) Taxed the highest
2) debased the most (inflation)
3) has the lowest returns
Why hold fiat cash when you can spend assets/commodities directly via VeDeFi?
