2 ms·
It seems pretty weird to watch the collective comment pool rage against this change. Seems to fall largely into a couple groups: "people who think it's a waste
by akerl_ 8y ago
It seems pretty weird to watch the collective comment pool rage against this change. Seems to fall largely into a couple groups: "people who think it's a waste of time", and "people who are upset that Ohio's official currency is still USD".
Aren't there more interesting responses possible for this move than outrage? Right now this seems limited to businesses, I'm curious why specifically target them instead of all taxes (given that the backend infra seems like it would be the same for both). How does the pricing work given volatility (is there potential that you'll pay taxes and the price will shift such that you owe more / get a refund after the fact)?
- alextheparrot 8y agoThe pricing part is explained in the FAQ, they are using a third-party so the state of Ohio never sees crypto. I assume that the exchange rate has the volatility risk baked into the conversion price, so the cost is amortized across all payers.
- akerl_ 8y agoThe fact that conversion is done at time-of-payment is clear, yes. But as you say, you're assuming that shifts in price are being factored in (the implication seems to be "by BitPay"). I'm curious if that's actually the case.