I’m trying to wrap my head around something. Lets say that for some reason Bitcoin makes it and takes over as the global currency potentially with an additional currency or two. What would that future look like when more money can’t be printed?
No central banks? no interest rates? How does the economy work from a farmer in a rural city to for example Jeff Bezos or a hollywood artist? How do countries stimulate the economy?
How are mortages taken out and paid for? And those who have them in fiat already, how are they transferred? Who does mining? Will states attempt to take that over to get more control?
Will there even be an IRS?
I can’t see this reality because it is so different from the one we have today.
Can someone help me by painting a picture of such a future?
submitted by /u/mutalisken
[link] [comments]