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> You can get paid directly in Bitcoin for goods and services. While I do understand why this is valuable, no government accepts taxes to be paid in Bitcoin (n
by cyphar 8y ago
> You can get paid directly in Bitcoin for goods and services.
While I do understand why this is valuable, no government accepts taxes to be paid in Bitcoin (nor do banks give out loans in Bitcoin). As a result, everyone will need to convert some of their Bitcoin to fiat eventually, allowing for de-anonymisation. Not to mention that basically nobody gets paid in Bitcoin (personally there's no way I would accept my wage be paid in a currency that is that volatile).
> With fiat, there is no way to do digital transactions without attaching your name and address.
Taler is a system that can work on any medium of exchange (fiat, cryptocurrency, sheep, whatever) and doesn't attach your name and address to all transactions.