Post
Topic
Board Announcements (Altcoins)
Re: ANN - LEOcoin - Official announcement regarding LEOcoin from LEOcoin Foundation
by
Izi
on 18/02/2016, 19:09:06 UTC
Good initiative, Izi. Let's see if we can get more points added and make a kind of FAQ that we can use. With regard to currencies - irrespective or they are entirely digital or partly printed&minted, like FIAT - I tend to go along with the line Wittgenstein takes on meaning: the value of a currency is its use in the economy. Do you agree?

I do agree but this is not the case here. LEOcoin tends to be entrepreneurs currency. And in real world if you want to sell anything, you are obligated by law to pay taxes. So if we want to have usable currency, whole chain of trade down to paying expenses and taxes must be clear and most should be automated procedure. Or would you risk your profit to cover for that?
Unfortunately, today you cant even get a coffee without a bill that must clearly state price in FIAT currency. Or would you risk your company and make a trade?