RE: Would you like to stick it to the Fed? $2 at a time?
Bitcoin has created a new paradigm in the money services industry,
... but is still far removed from everyday use as payment for labor. Once that happens on a grand scale we will see just how secure it is from the "legal" paper currency creators, as we see in this post concerning alleged competition into the "Every-Day" physical realm.
Excerpt from my recent post on the Velocity of Money.
Regardless of the monitary unit we use, if it be bitcoin, metals or fiat cash, the economy runs on spending it. Just like any fluid system the infrastucture needs to be designed and the flow and pressures must be monitored and tweaked as needed to maintain a healthy and consistent velocity. We will always need to measure labor and talent and compensate it in an open and fair market; As population levels grow the need for accountable government grows with it.
https://steemit.com/economics/@adconner/the-velocity-of-money
Lol, tell me, if the workers do the work, could they share the products of that work as they see fit, or do they have to have money?
You know historically only shareholders benefit from the labor the laborers output but if we tax the shareholder and give them a choice to pay a high tax on their investment revenue or pay their laborers better, which one will they choose? Check out the whole post if you don't mind giving me a real criticism on my original blog, I'm an adult. Thanks.