3 ms·
Bitcoin is too volatile to be a store of value and too slow and expensive to be useful for transactions. It is public so it is not even great for illicit transa
by janalsncm 2y ago
Bitcoin is too volatile to be a store of value and too slow and expensive to be useful for transactions. It is public so it is not even great for illicit transactions.
> Fiat is weak money
Try explaining that to the IRS when they ask for taxes in dollars.
> Bitcoin is a force of nature
Asteroids are also a force of nature. That doesn’t make them good.
- johnisgood 2y ago> Try explaining that to the IRS when they ask for taxes in dollars. If Bitcoin became the most recognized and popular currency, it is conceivable that tax authorities like the IRS might start accepting taxes in BTC. Of course it would require legislative changes, and lots of effort and work put into valuation and conversion, collection and storage, auditing and compliance, and public education.