4 ms·
Does purchasing goods or services directly with bitcoin count as "handl[ing] the transfer into and out of crypto"? Doesn't "crypto" then simply become "money"?
by theseatoms 9y ago
Does purchasing goods or services directly with bitcoin count as "handl[ing] the transfer into and out of crypto"? Doesn't "crypto" then simply become "money"?
Don't get me wrong. That vision of the future isn't here yet. Far too few vendors accept bitcoin today for it to be a viable closed loop system.
- Daishiman 9y agoNobody's going to be using crypto for direct purchases when you still have to pay taxes in local currency and the friction to get cash from crypto is just as high as today's friction in interbanking transfers or worse.