I thought it would be useful to create a world-map that tracks progress as countries unfuck themselves from fiat currencies.
I'll update this map periodically as the global economic system continues its migration into cryptocurrencies. Let me know if I can anything to improve this infographic. So far, we have Nigera, Venezula and South Africa marked as countries that use cryptocurrencies in place of their local collapsed currency. Japan currently stands alone as a country where Bitcoin is an official legal currency.
The progress of any substantial change in our world is measured by the level of agitation and fear it induces in the old system. Over the last few weeks, posturing against Bitcoin by the global banking cartel has reached new levels of aggression. This is the best barometer we have to indicate the debt-based fiat system is over.
You can feel the panic, now here's the map to pin to your wall.
More and more countries will turn orange in the coming months.
And then blue.
Exactly this crossed my mind the past few days as well. Only put in other words ;-) Bitcoin (or other crypto assets) hold true value when people, in a certain region of the world, need to pay taxes in that currency (pay taxes in Bitcoin I mean). Of course, no one likes to pay taxes, but being obliged to pay in Bitcoin, one first needs to buy Bitcoin.
BTW: Nice to meet you! Feel free to follow and upvote me, I'm following you from now on as well. Together we gain knowledge, steem, a growing network and fun!
PS: what do you think about my article A 5 Rules List for Crypto Asset Trading Do you trade by these rules as well? Or do you have another trading strategy? Let me know!
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Thanks for reading. And some interesting thoughts. I wonder: Do you think a sufficiently awake, crypto-based country would need to collect taxes?
Apparently this is the current situation showing where US taxes go:
Source: https://www.warresisters.org/where-your-income-tax-money-really-goes-wrl-pie-chart-flyer-fy2017
Looking at this graph, almost half of taxes are used to commit violent acts against existing violence, or threaten new violence. Then there is a segment used for healthcare (diseases mostly caused by the social environment created by a dominator-predator social system). Then there's the cost of education (mostly conditioning to ensure that children accept the current system). Then there's the cost of running the administrative system that oversees the whole mess.
Hopefully as we go post-bank, we go post-tax.
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Yes, I do think it is a good thing to pay taxes, especially if it is spent on public utilities. How would roads be built and maintained without tax incomes?
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Good points :) I don't have answers... Just thoughts.
Roads: Not sure if it was ever fair to pay for road infrastructure through income tax since it's effectively subsidizing car use and perhaps the destruction of alternative transportation: https://en.wikipedia.org/wiki/General_Motors_streetcar_conspiracy
I half agree with the idea of some public utilities being supported via tax, but even with hospitals or schools I see a problem: Who decides what a schools teaches? Isn't it dangerous for those in political power to fund the 'education' system?
And where is the incentive to look seriously at modern dis-ease (disease) when the symptoms of dis-ease (disease) are treated by government-funded 'doctors' to maintain an existing flawed society?
Of course, I see this is a very complex problem. I'm not against tax, I'm just against everything that we call 'tax' today.
Thanks again for reading :) And for provoking some interesting thoughts.
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When people get taught, regardless about which topic, it stimulates them to start thinking for themselves. The more you think, the more you train yourself to form opinions on any type of subject. To think out of the box.
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That's why bitcoin is the future :D
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wow this is just the beginning haha!
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@originalworks
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The @OriginalWorks bot has determined this post by @matrjoschka to be original material and upvoted it!
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Your map will misinform the uninitiated concerning the acceptability of bitcoin in place
of local currency. In Nigeria, for example, bitcoin is not acceptable in the official circle. How could it have replaced the national currency - a currency that has not failed? May be you were referring to another country. Please check that out, and make amend. Bitcoin lovers would very much be happy to deal with something more authentic. Information is key; that is what we all 'hunger' for, as bitcoin lovers.
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Thanks for the information @victorjude — I will investigate more and update the map.
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i believe bitcoin is now unstoppable :)
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