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WRT the blockchain/stablecoin effort there is something I don’t understand: If it’s only for internal consumption what’s the point of a blockchain? So if it’s
by erentz 8y ago
WRT the blockchain/stablecoin effort there is something I don’t understand:
If it’s only for internal consumption what’s the point of a blockchain?
So if it’s for external use also then even the best “stable coin” is going to move against USD (and whatever other currencies they’re trying to follow). This will create tax implications for their users in the USA (and possibly elsewhere). Every time you use FBcoin to buy something or send to someone you need to report the loss or gain converted to USD, just like other cryptocurrencies surely?
- village-idiot 8y agoAnd this is why I’m bearish on blockchain solutions. Once you start actually working through the details it gets weird.