We moved to fiat because politicians like the indirect taxation through inflatio... | Hacker News

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		toenail 9 months ago \| parent \| context \| favorite \| on: El Salvador abandons Bitcoin as legal tender We moved to fiat because politicians like the indirect taxation through inflation. It's free money for them, what's not to like?

twodave 9 months ago [–]

That is not why we moved to fiat. It may be a consequence, but there are also seriously consequential checks against doing it too freely.

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