this post was submitted on 05 Feb 2024
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Too bad it's not actual money.
Money is what people say it is. And enough people see crypto as money to make it money. As an example, I have been buying my groceries with it for over a year now. And if it were not money, I would have starved.
I agree that money is what people say money is, but if it's too volatile, it may still be a good asset, but bad currency.
I use Monero, which moves about 15% from its one year simple moving average before reverting. And while that is quite a large move for somebody from the United States, for people from other countries that is not a very bad move, but I do see your point. I base my expenses off of the one-year moving average and save some for when the price is below that and I need to use a little extra.
Pay your taxes in crypto and then we'll talk
I can’t pay my taxes with euros, doesn’t mean they aren’t money
You can, if you're a Euro citizen. Is 'make dumb comparisons' a prerequisite for being a cryptobro?
Ok lolbertarian.
That can't be done since the government goons will only accept the fiat that they provide as taxes. So use crypto for everything else. And then each year convert just a little of it to the currency they want, which you find worthless to pay your "taxes" with. If somebody gave me the choice between Fiat and crypto for a thing that owed me, I would take the crypto immediately because it is worth the same no matter where I go.
Yawn