Re:Cryptocurrency is driving innovation in the financial sector
by XorNot on Monday July 02, 2018 @12:53AM
(#17439412)
Why? Or more accurately, how?
My government denominates my tax obligations in my government's currency. This includes taxes based on transactions of non-currency goods.
So there's always demand for my local currency so long as my government exists.
What demand is there for a decentralised digital currency? What motivates stable demand for it compared to the currency I can pay my taxes in and which my employer can be legally compelled by the courts to settle debts to me in?
My government denominates my tax obligations in my government's currency. This includes taxes based on transactions of non-currency goods.
So there's always demand for my local currency so long as my government exists.
What demand is there for a decentralised digital currency? What motivates stable demand for it compared to the currency I can pay my taxes in and which my employer can be legally compelled by the courts to settle debts to me in?