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[liberationtech] Request: quantify how use of analog currency contributes to gov actions

Nathan Andrew Fain nathan at squimp.com
Mon Jun 9 01:04:13 PDT 2014


I recently wrote an article discussing the use of a crypto currency as
a means to selectively divest from your governments actions [1].
Selective in that you can choose some to use fiat, and sometimes not.
Similar to how we selectively care about the environment by sometimes
recycling and sometimes not.

While withholding taxes is probably the most effective means of
divestment this is not really possible. but it seems to me that
avoiding using a USD, or NIS, somehow contributes to the reduction of
the economy size and currency base that can be watered through pumping
more paper into the supply. But I have little proof of this and would
be happy if someone could point me where to RTFM.

Until now in discussion I use two analogies to convince someone that
reducing paper currency supply effects gov action. 1: two trillion for
two US wars and near two trillion (much of it printed) for the recent
bailouts is not a coincidence. 2: there is a reason china and other
nations argue for an internationalized reserve currency instead of USD.

would be happy for comments or assistance in this debate


1.
https://medium.com/@cyphunk/use-a-crypto-currency-end-a-war-166816dc4f2



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