Re:Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
by mulmen on Thursday December 21, 2017 @10:59PM
(#15985180)
My understanding is that the mining metaphor is supposed to be reminiscent of gold's scarcity.
It is also my understanding that the crypto- in cryptocurrency enables anonymous trade. This would seem to preclude the need to even pay taxes since no government could even track the transactions. As I understand it this is the primary value proposition of Bitcoin.
Why would you want to pay taxes to the US government in any currency other than the US Dollar? I really don't understand the value there. Do people pay US income taxes in Euros? Why? How?
It is also my understanding that the crypto- in cryptocurrency enables anonymous trade. This would seem to preclude the need to even pay taxes since no government could even track the transactions. As I understand it this is the primary value proposition of Bitcoin.
Why would you want to pay taxes to the US government in any currency other than the US Dollar? I really don't understand the value there. Do people pay US income taxes in Euros? Why? How?