CMV: Gas fees are equivalent to taxes, and if the government adopted a transparent blockchain-based cryptocurrency DAO we could eliminate taxes and fund government services through a crypto standard.

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by COINS NEWS 60 Views

This, in my mind, is the ideal future for humanity and it’s adoption of crypto.

If the government had a transparent proof-of-stake mining system running, they could use the transaction fees as a “tax” to fund all government services.

They could even stake a certain amount of coin in different branches of the government, which would allocate block rewards proportionally to each branch depending on how much they have staked.

The people could also have some sort of UBI by allocating a portion of each block reward to each citizen.

I truly feel this is the long term future of crypto and what we need to be striving for.

submitted by /u/somethingimadeup
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