Post
Topic
Board Economics
Re: New Hampshire bill to allow taxes to be paid in Bitcoin falls short
by
gentlemand
on 17/01/2020, 10:45:30 UTC
This is why cryptocurrency is not getting anywhere. What is the point of legislators doing loads of work to get a payment method on the books, as in Ohio, if only 10 businesses bother to use it?

We're going backwards partly because people are hoarding their cryptocurrency instead of using it.

It's a legislator's job to look beyond today and put stuff in place that nurtures tomorrow. And no one should be surprised there's little interest in spending in the last couple of years, let alone spending on boring necessities.

Maybe people never will get beyond hoarding, but the ability to pay tax directly would make a huge difference to people earning in crypto. No dicking around with exchanges, no bank account hassles.

Earning isn't really happening yet either but that's one of the prime factors in it becoming truly established.