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What? That doesn't even make any sense. You can sell the bitcoin for USD then pay your taxes. Just like you can't pay your taxes with 1 billion dollars worth of
by 55555 9y ago
What? That doesn't even make any sense. You can sell the bitcoin for USD then pay your taxes. Just like you can't pay your taxes with 1 billion dollars worth of Facebook stock or gold.
The argument you are looking for is: "USD has value BECAUSE the state makes you pay your taxes in it."
Notice that that argument does not end with, "and this is the only way a commodity or currency can have value." Because there are different reasons that different things have value and more than one thing has value.
Your comment is intellectually lazy and you don't have to believe in crypto to come to this conclusion.
- yeukhon 9y agoYou are assuming his intent without asking, and you are calling that intellectually lazy. What? You do not pay taxes with bitcoin because the government does not accept it. Simple as that. Not lazy, just fact.
- 659087 9y ago> What? That doesn't even make any sense. You can sell the bitcoin for USD then pay your taxes. If that's the logic we're going with, I can pay my taxes with baseball cards and beanie babies too.
- spurcell93 9y agoThat's a great analogy, thanks for posting. I'm going to use that. I think it really will help drive home the speculative nature of the markets right now, especially to total newcomers who just want a quick buck.