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You have to pay your taxes in your national currency. This is enforced by violence. Until this goes away cryptocurrencies have a limited role. Right now that ro
by 99_00 6y ago
You have to pay your taxes in your national currency. This is enforced by violence. Until this goes away cryptocurrencies have a limited role. Right now that role is speculation (greater fool), niche, blackmarket. Also, crypto in wide use has the same problems and inflexibility as the gold standard.
Congrats to everyone who made money so far. I totally support speculation. I do it too. Just keep an open mind to the counter argument and you'll do very well. Become dogmatic and narrow minded and you won't do so well.