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150 sats \ 2 replies \ @kepford OP 10 Dec \ parent \ on: The Fallacy of Store of Value vs. Medium of Exchange bitcoin
Until fiat is killed and/or the state updates the regulation of bitcoin I agree. At least the way you outline it.
It is possible to use bitcoin via something like Strike and avoid a lot of the issues but this is why fiat on one end and bitcoin on another. Businesses do receive bitcoin today and account for it and pay taxes on it. Its difficult but this is a business opportunity to make it less difficult. There are companies that help with this.
But the bigger point is that businesses that do this are vanguard businesses. Not your average business. Your average business is never gonna do this in the current situation. I believe the situation will change. As more people have bitcoin the systems that rely on the respect of the masses (the state) will adapt or die.
It really is up to the plebs. The masses to not tolerate the status quo.
100% agree. I believe that eventually... there will be enough public will, enough public desire to change things like CGT for Bitcoin that it will get changed.
If people want it badly enough, and they demand it from their representatives they will get it LOL. Enough of a constituency.
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I kept harping on this during this last election. You have two sides talking past each other. One is all pumped the Orange Man is "on our team". And the other is telling them they are wrong. The important note is bitcoiners are too powerful/influential to ignore. Not that Orange man is the savior or the wolf in sheep's clothing.
When you have influence you don't have to go begging for attention. The scum comes looking for your approval. This is the way. Bitcoin doesn't need politics. Politicians need bitcoiners.
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