> Those governments are directly converting the bitcoin to US dollars, thereby creating demand for US dollars when they spend it. The result is exactly the same.
So now you are saying that the whole economy could run on crypto: Pay taxes in crypto, getting paid by government in crypto.
So the only user of fiat would be the government, because somehow they want to convert first to dollars to go back to crypto.
I think you just made my point, that government has no control over what we will use as currency.
So now you are saying that the whole economy could run on crypto: Pay taxes in crypto, getting paid by government in crypto.
So the only user of fiat would be the government, because somehow they want to convert first to dollars to go back to crypto.
I think you just made my point, that government has no control over what we will use as currency.