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Money has/is currency when it is generally accepted. Bitcoin is unlikely to ever be generally accepted for various reasons. The transaction costs are too high,
by User23 9y ago
Money has/is currency when it is generally accepted. Bitcoin is unlikely to ever be generally accepted for various reasons. The transaction costs are too high, it's inconvenient for typical currency users, and you can't pay essential expenses such taxes in it.
- mccoyspace 9y agothe cost of transactions has stayed mostly constant when priced in bitcoin. Like the article says, why always convert back to the dollar price?
- User23 9y agoTo pay US tax obligations on BTC transactions.