Post
Topic
Board Bitcoin Discussion
Re: Do we need bitcoin?
by
jossiel
on 20/07/2020, 08:57:01 UTC
Did I say that fiat is not used for money laundering? No.
Indeed, the most used cash system would be normally used for money laundering too.
Yes, you didn't say that but you are pointing out that bitcoin is being used on it and we are not denying that. I guess that idea was already into bitcoin's character but that's changing already.

What I'm saying that if you start accepting bitcoin in your business, no one will track you. And no one will tax you.
The taxation depends on the country you reside, if they are actively monitoring the progress of bitcoin, they can create or mandate a law that covers the taxation for bitcoin transfers or cashout into their jurisdiction.

Quote
Bitcoin is a store of value and the main indicator of the industry, we cant live without it
We can't live without internet too. But the world didn't begin in 1995  Smiley
That's valid point.

But let's accept the fact that we are into different generation and era this time. Most businesses are running through internet these days and if your business can't go online, you'll be missing too many opportunities.