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Something I wonder about such attempts is, that as soon they push cryptocurrencies into the more and more shady terrain, the sooner people might start to use th
by SunlitCat 3y ago
Something I wonder about such attempts is, that as soon they push cryptocurrencies into the more and more shady terrain, the sooner people might start to use them for paying without converting them to normal currencies.
Like for example, someone does a thing for someone else (maybe helps them with some task or does some kind of commission, or even some real world thing) they give them a token of some crypto currency as payment. Then they take that token to the next person and pay them with that token for another service, item, whatever.
Everything without even paying a dime of real world tax. That might be really dangerous and could destroy societies if governments don't make money anymore to do stuff for their people.
- pcthrowaway 3y agoWell this is already possible with cash (and some countries more than others have flourishing grey and black market economies where business is conducted with it) So crypto only helps here if the service you're providing is over the internet, and not using an intermediary platform which is a legit business for payments, escrow, or service fulfillment tracking (so things like etsy, bandcamp, fiverr, and upwork are mostly out, though you sometimes can cut out the middleman on those platforms). There are a few services people will still arrange outside of a platform, I think online sex work is a big one (also because people don't want things linked to their credit cards) But it could also be useful in countries that are moving to ban cash