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How would that work? Companies can't easily switch to crypto because they need to pay all kinds of taxes. (E.g. somebody buys a $100 jacket using Bitcoin. How
by pavlov 6y ago
How would that work?
Companies can't easily switch to crypto because they need to pay all kinds of taxes. (E.g. somebody buys a $100 jacket using Bitcoin. How is sales tax collected and paid if there are no crypto off-ramps?)
Employees will of course get paid in the accounting currency of the companies that employ them. How do those salaries get converted to crypto in this vision of a separate crypto economy?
- nostrademons 6y agoYou answered your own question, but the answer is unthinkable to you. (Which is probably a good thing for those of us who live in the developed world, but consider that there is a large fraction of the world that views their local government as simply the biggest bandit around, and when the local government comes begging for cash, the solution is often to hire a bigger, meaner bandit. Or become one yourself.)