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I agree, but it just adds friction. Already, consumers are very comfortable using their credit cards. If you add the mental cost of thinking about taxes, especi
by battani 13y ago
I agree, but it just adds friction. Already, consumers are very comfortable using their credit cards. If you add the mental cost of thinking about taxes, especially when you have to pay capital gains when you pay for something (!!), that's a deterrent for most regular consumers.
- greenyoda 13y agoExactly. Many people have never had to fill out a Schedule D before and have no idea what long-term vs. short-term gains are, how to compute capital loss carryovers, etc. So their taxes would suddenly become more complicated just because they had a few dollars worth of capital gains/losses from Bitcoin.