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It let me purchase and sell a small software app without going to the bank, signing documents, paying $75 just to orchestrate a wire transfer.
by bnchrch 2y ago
It let me purchase and sell a small software app without going to the bank, signing documents, paying $75 just to orchestrate a wire transfer.
- aurareturn 2y agoYes, skirting the law. Banks/payments have regulations.
- bnchrch 2y agoNothing wrong / illegal about what we did. Legitimate business, Used stable coins, filed taxes.
- aurareturn 2y agoNot the point. Crypto skips all the regulations.
- megadal 2y ago> Not the point. No that's exactly the point. The point is what is a legitimate use case for crypto, this use case is getting around pointless bureaucracy. You don't get around regulations, the responsibility of adhering to them just shifts from a third party to you, hence the person you're replying to paid taxes. Are you implying avoiding operating fees is not a valid use case? Operating fees help facilitate adherence to regulation at scale but they themselves are not the regulation.