|
|
|
|
|
|
by janalsncm
701 days ago
|
|
|
Bitcoin is too volatile to be a store of value and too slow and expensive to be useful for transactions. It is public so it is not even great for illicit transactions. > Fiat is weak money Try explaining that to the IRS when they ask for taxes in dollars. > Bitcoin is a force of nature Asteroids are also a force of nature. That doesn’t make them good. |
|
|
If Bitcoin became the most recognized and popular currency, it is conceivable that tax authorities like the IRS might start accepting taxes in BTC. Of course it would require legislative changes, and lots of effort and work put into valuation and conversion, collection and storage, auditing and compliance, and public education.