I am also interested to see how taxes are going to be handled in the future with cryptos. Although, the last thing I heard about the IRS, is that they're going to want you to report every single trade you've made in order to prove what you made or lost. Ungh.

This is exactly how government spending works in the United States. Each country varies a little bit in their flavor, but ultimately they all work the same way: government has to create the money before people can save it.

I'm in the process of making a series on this subject. You can check the first video out here if you're interested: