Re 8: how will the socialist/communist/authoritarian govs pay the enforcers of their policies if over half of capital/wealth is difficult or impossible to confiscate? If it's the rich elites footing the bill will they really be able to sustain their position in a new hard money (bitcoin) world? My understanding of the most recent hard money era is it tended to empower the productive but also improve the standard of living and thus autonomy of even the relatively unproductive due to monetary deflation, improved capital allocation and tech innovation. image

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