Post
Topic
Board Economics
Re: Why Bitcoin is ultimately doomed to fail (not today or tomorrow)
by
AnonyMint
on 18/12/2013, 15:56:34 UTC
If you pay taxes with gold coins at their face value instead of paper dollars (i.e. taxes total being equal coins face value total), you effectively end up paying more than you would pay if you previously sold your coins at their market price and paid the original tax plus the tax due to the commodity value of your coins.

And who would be stupid enough to do that?

People are stupid, but that not that stupid. Most of them can count.