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I'm talking more long term. Right now bitcoin is not a threat or a legitimate replacement for dollars. If and when bitcoins become a normal every day option for
by dangero 13y ago
I'm talking more long term. Right now bitcoin is not a threat or a legitimate replacement for dollars. If and when bitcoins become a normal every day option for purchases, that story could really change. For example, one of the major problems with bitcoin for a government is that they cannot as easily trace taxes on bitcoin trading. If I could do all my local purchasing with bitcoin, I assume the benefit would be that I would not pay sales tax. That's a huge issue for governments if bitcoins ever become ubiquitous.