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money is consensus and not backed by anything other than a government promise. bitcoin is backed by hash power = money. it's 2019 we are past tulip phase. you c
by arisAlexis 8y ago
money is consensus and not backed by anything other than a government promise. bitcoin is backed by hash power = money. it's 2019 we are past tulip phase. you can pay taxes in usa with it.
- floe 8y agoYou could also pay taxes with tulips, if you exchanged them for the correct currency, yeah...?
- pessimizer 8y agoThe government promise that it will be directly accepted as payment for taxes, and to settle judgments in it's courts. That's a lot of backing, not a triviality that can be dismissed.
- Karunamon 8y agoBut you can't pay your US taxes or judgements in Yen or Euros either. In that way, it's no different from the standpoint of a US citizen to any other alternate currency.