How will governments function in a world that has transitioned from fiat to hyperbitcoinization? This is a question that I have thought about recently, and I wanted to think through what happens to governments on a Bitcoin standard. The questions I have are the following: how will governments fund themselves? How do your taxes work in a digital landscape, and how will governments respond to this dilemma?

How Will Governments Fund Themselves?

Most hardcore Bitcoiners probably could care less about what happens to the government on a Bitcoin standard. I would venture to say that they would want all governments to crash and burn. I sympathize with that point of view, but I am also a realist. The average person wants the government around because they have been conditioned to believe it brings a sense of order and protects its citizens. I think it is the opposite, but this…

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