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People accept bitcoin as direct payment for things already, removing the need to switch back to dollars. Granted it's not a big selection
by mdonahoe 15y ago
People accept bitcoin as direct payment for things already, removing the need to switch back to dollars. Granted it's not a big selection
- tobias3 15y agoBut can you pay your rent in BTC or at the grocery store... As long as the essential things are not available via Bitcoins it is not an independent system and thus successible to goverment intervention. And even then. People tend to trust currencies issued by the government more and money is just an artificial thing based on trust.
- tzs 15y agoYou still need to switch some back to dollars, to pay sales taxes or VAT on the sales, and eventually to pay income taxes.