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Also, you can pay taxes with fiat currency.
by dcist 5y ago
Also, you can pay taxes with fiat currency.
- spiralx 5y agoAnd use it to participate in the economy to obtain little things such as housing and food. Not to mention a computer and an internet connection.
- olalonde 5y agoIntrinsic value in this context would mean something's value outside of its exchange value. Both fiat and Bitcoin have arguably very little to no intrinsic value within that definition.
- spiralx 5y agoI was talking about its utility, not value. The whole point of a currency is being useful, not in being valuable.
- mahogany 5y agoYou must pay taxes with fiat currency.
- bluecalm 5y agoTaxes and especially paying loans back starting from banks, businesses to mortgages.