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A comment on U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether. Parent comment

Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by simias on Tuesday January 30, 2018 @04:12PM (#16269075)
Which just pushes the problem a little further away since eventually somebody will have to pay taxes in fiat so if your cryptocurrency is not convertible it's going to be a problem.
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Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by rocqua on Tuesday January 30, 2018 @06:49PM (#16270188)
Originally, 'fiat' had the same link to gold as crypto has to fiat. True, for taxes fiat is needed, but it is possible to have a thriving economy without needing access to fiat.

The moment people can start to pay rent and groceries in crypto, it makes sense to accept crypto even if you can't turn it into fiat. As long as taxes are paid in fiat, you need some of it, but that wouldn't make crypto useless.

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Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by realusername on Wednesday January 31, 2018 @01:49AM (#16272039)
You would also need crypto value to be much more stable for that to happen but I also agree with the idea.
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