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Nope. You're paying not in bitcoin, but in the value of those bitcoins converted to a legal currency. Otherwise those businesses are just avoiding taxes, it w

by asjw 7y ago

Nope. You're paying not in bitcoin, but in the value of those bitcoins converted to a legal currency. Otherwise those businesses are just avoiding taxes, it would be better to pay in gold, at least it has a stable price.

coralreef 7y ago
The commodity being exchanged is the Bitcoin and the goods/services. If the business wants to hold the Bitcoin forever, they can. If they want to sell for USD, they can. Paying in Bitcoin is the same way you just described as "paying in gold".