What kind of bizarro clown world did I wake up in?
The FED bank of Minneapolis wrote about "useless pieces of paper (bitcoin for short)" and that "the price of bitcoin converges to zero."
Umm...considered fiat currency?
And yet, the only solutions to this alleged bitcoin problem is to either ban it (a "legal prohibition against bitcoin") or tax it.
Somehow, bitcoin is worthless and headed to zero, but yet it's still worthy of being taxed so as to balance deficits.
I'm so confused.
Source: https://www.minneapolisfed.org/research/working-papers/unique-implementation-of-permanent-primary-deficits
Article: https://cryptobriefing.com/bitcoin-fiscal-impact-report/
#bitcoin #plebchain
crrdlx
npub1qp…a082j
2024-10-21 20:18:22
Author Public Key
npub1qpdufhjpel94srm3ett2azgf49m9dp3n5nm2j0rt0l2mlmc3ux3qza082jPublished at
2024-10-21 20:18:22Event JSON
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"content": "What kind of bizarro clown world did I wake up in?\n\nThe FED bank of Minneapolis wrote about \"useless pieces of paper (bitcoin for short)\" and that \"the price of bitcoin converges to zero.\"\n\nUmm...considered fiat currency?\n\nAnd yet, the only solutions to this alleged bitcoin problem is to either ban it (a \"legal prohibition against bitcoin\") or tax it.\n\nSomehow, bitcoin is worthless and headed to zero, but yet it's still worthy of being taxed so as to balance deficits.\n\nI'm so confused.\n\nSource: https://www.minneapolisfed.org/research/working-papers/unique-implementation-of-permanent-primary-deficits\nArticle: https://cryptobriefing.com/bitcoin-fiscal-impact-report/\n\n#bitcoin #plebchain ",
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