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> And when Tesla decided to allow purchases via BTC The main reason I don't buy things with cryptocurrency is that it would trigger a liquidation event and sho
by dheera 5y ago
> And when Tesla decided to allow purchases via BTC
The main reason I don't buy things with cryptocurrency is that it would trigger a liquidation event and short term capital gains taxing.
Due to that, for US residents and citizens, it's not functional as a currency in its current form. I'm vehemently against taxing of cryptocurrency or treating it as a security by the IRS, but that's the way it is now.