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A comment on Ohio will accept Bitcoin for corporate tax payments via Bitpay.

Re:Ohio will accept Bitcoin for corporate tax payments via B... by akerl_ on Sunday November 25, 2018 @01:32PM (#18528092)
It seems pretty weird to watch the collective comment pool rage against this change. Seems to fall largely into a couple groups: "people who think it's a waste of time", and "people who are upset that Ohio's official currency is still USD".

Aren't there more interesting responses possible for this move than outrage? Right now this seems limited to businesses, I'm curious why specifically target them instead of all taxes (given that the backend infra seems like it would be the same for both). How does the pricing work given volatility (is there potential that you'll pay taxes and the price will shift such that you owe more / get a refund after the fact)?

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Re:Ohio will accept Bitcoin for corporate tax payments via B... by alextheparrot on Sunday November 25, 2018 @01:39PM (#18528124)
The pricing part is explained in the FAQ, they are using a third-party so the state of Ohio never sees crypto. I assume that the exchange rate has the volatility risk baked into the conversion price, so the cost is amortized across all payers.
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Re:Ohio will accept Bitcoin for corporate tax payments via B... by akerl_ on Sunday November 25, 2018 @02:20PM (#18528401)
The fact that conversion is done at time-of-payment is clear, yes. But as you say, you're assuming that shifts in price are being factored in (the implication seems to be "by BitPay"). I'm curious if that's actually the case.
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