Ohio will accept Bitcoin for corporate tax payments via Bitpay

Re:Ohio will accept Bitcoin for corporate tax payments via B... by dragonwriter on Sunday November 25, 2018 @01:38PM (#18528123)

> That means Ohio is putting the USD in competition with cryptocurrency for the primary thing the USD is used for: Paying Taxes.

That's not the primary thing the USD is used for. Paying US federal and some other taxes is one of several things that the US dollar is the sole thing used for, but that is very different than being the primary thing it is used for.

But unless they are denominating tax debts in Bitcoin, it's not meaningfully different than exchanging bitcoins for dollars to pay taxes, just a little more convenient.

[ Parent | on HN ]

Re:Ohio will accept Bitcoin for corporate tax payments via B... by AndrewKemendo on Sunday November 25, 2018 @01:54PM (#18528229)

The primary federally required thing citizens have to do is pay taxes. Legally you cannot pay taxes in any other currency than USD. You can legally buy or barter for goods in many other ways, but USD is the only legal means for paying federal taxes.

[ Parent | on HN ]

Re:Ohio will accept Bitcoin for corporate tax payments via B... by dragonwriter on Sunday November 25, 2018 @04:08PM (#18529044)

> The primary federally required thing citizens have to do is pay taxes.

Sure.

> Legally you cannot pay taxes in any other currency than USD.

Sure. But though that two sentence pair is both true and includes the word “primary” and a reference to “USD” and paying taxes, it doesn't support th conclusion that the primary use of USD is for paying taxes.

[ Parent | on HN ]

Re:Ohio will accept Bitcoin for corporate tax payments via B... by pvg on Sunday November 25, 2018 @02:32PM (#18528502)

It sounds like your definition of 'primary' is at odds with everyone else's.

[ Parent | on HN ]