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Giacomo Zucco: Bitcoin, banks, monopoly & tokens (I)

Crypto Voices

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Bitcoin Is a Very Very Disruptive Model for Central Banks

Bitcoin acts on governments on two levels first it's successful it makes a legal tender obsolete or or at least contrasted by a post possible alternative and so being legal tender less effective monetary policies are less effective. Bitcoin is successful makes also direct taxation more difficult because if most of the business is conducted online with a properly fungible payment mean with certain animals identities  at that point taxation itself gets very very difficult.

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