Tag Archives: inflation

Anti-inflation Money Is A Must To Protect Your Savings

In May 2010 a Florida resident Laszlo Hanyecz posted an open message on Bitcointalk chat forum, “I’ll pay 10000 Bitcoins for a couple of pizzas. I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, just standard stuff, no weird fish topping or anything like that. If you are interested, please let me know and we can workout a deal.”. On May 22nd a 19 years old California student Jeremy Sturdivant did deliver him two large pizzas from Papa John’s in return for 10000 Bitcoins. Bitcoin Pizza Day commemorates that historic event.

10000 Bitcoins were valued for around US$ 41 at that time but same are now 383700000 US$ while that US$ 41 became only 0.000026 BTC. That is how Bitcoin works that hard against inflation.

Governments want to control money just for plundering their people via inflation. Inflation has been a stately way of plundering public money.

Anti-inflation money is a must to safeguard public savings. Bitcoin was designed like that.

Taxation Is Outdated

Taxation and inflation continuing altogether means the statesmen not knowing the political economy of governance.

Sangkrit insists for taxing only the transaction volume of the economy in an inflation mode for updating the governance. Thus the state may finally dispose off the burdensome taxation machinery by stopping all unnecessary distraction on business.

Taxation and inflation continuing altogether means the statesmen not knowing the political economy of governance. That is how they still bother about harbouring huge taxation machinery for extorting from their people. The way taxation continued even after the establishment of central banks circulating state currencies proves only that.