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RE: Why I Just Paid Taxes on My 2017 Steemit Earnings
If you ever feel confident you know what the future holds, be very, very suspicious of yourself.
In this specific circumstance, much of blockchain's underlying theory is based in fundamentally very Western cultural ideas- it's had a very, uh, unusual receptions in other cultures. I'm not convinced, for instance, that it will ever be seen as significantly more than a speculative commodity among, say, many East Asians- they haven't exactly been widely embracing alternative uses of blockchain like Steemit.
I appreciate that sentiment, I am a skeptic so I always state my conclusions so that they may be adjusted in the face of new data, but I don't make my comments lightly. I think it's clear that I hold the libertarian views regarding economics, but it is because I grew up learning American history. My independent study of these econ systems leads me to the conclusion that a free market is best. It is very new territory to no longer need these third parties of government create currency, but what about inflation, waste and other sides of cronyism within the fiat system would you miss?
Perhaps I have too focused an eye on the US right now, but I have a hard time to believe that the global population has not been a victim to some government or banking system abuse that would keep people from agreeing that humans are subject to greed and the best way to combat it, with this technology at our disposal, would be to remove the extra step. The trustlessness of these interactions is valuable to every person involved.
I am not anarchical by any means, but when a government continues to take value from it's people's work and restrict their liberties for the sake of their own personal gains, I refuse to ignore it. People will vote with their feet. If they love the way there government has treated them, then they can keep working to build in that system. I continue to earn fiat with my career, not because I'm a hypocrite, but because I know from hearing calls for communism among my generation, that there is a big learning hurdle ahead.
These discussions we are having now are vitally important to all of us understanding more fully. I really appreciate your time to respond and read, I am certainly growing from it.