Ethereum will use around 99.95% less energy post merge

Re:Ethereum will use around 99.95% less energy post merge by 2muchcoffeeman on Tuesday May 18, 2021 @07:40PM (#27202745)

In the parents defence, the tax status of crypto has nothing to do with the technical capability of using Bitcoin for trade. I think we can all agree, that if both parties are willing, I can use bitcoin to buy things.

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Re:Ethereum will use around 99.95% less energy post merge by esolyt on Wednesday May 19, 2021 @12:22AM (#27204544)

Sure. If both parties are willing, you can also use pokemon cards to buy things. The main point of the comment is that it's not convenient and common to use crypto to buy goods and services yet.

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Re:Ethereum will use around 99.95% less energy post merge by aserafini on Wednesday May 19, 2021 @02:58AM (#27205452)

The current desktop UX (today) of using cryptocurrency to order takeaway food from the market leading delivery platform in Germany is actually MORE convenient than Visa in my experience.

Visa: get card from wallet, type in number, type in CSC code.

Cryptocurrency: pull out phone, scan QR code.

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Re:Ethereum will use around 99.95% less energy post merge by perl4ever on Wednesday May 19, 2021 @08:05PM (#27215938)

But do they give you a significant discount for crypto vs. a credit card?

In the US you can get a 2% rebate on what you spend with a credit card. In effect, you are credited back most of the merchant fees baked into transactions.

In which case cash or crypto requires a >2% discount to break even.

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Re:Ethereum will use around 99.95% less energy post merge by is_true on Wednesday May 19, 2021 @09:29PM (#27216390)

I'm from Argentina and all you need to remember is the CCV. And sometimes not even that

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Re:Ethereum will use around 99.95% less energy post merge by 2muchcoffeeman on Wednesday May 19, 2021 @02:55AM (#27205441)

Yes, I agree that it’s not common or convenient. But I think it was just a counter point that you can use Bitcoin for regular purchases and people do. And I don’t think tax law is going to stop these people.

I completely agree that the instances of use as currency is vanishingly small.

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Re:Ethereum will use around 99.95% less energy post merge by scrubs on Wednesday May 19, 2021 @12:51AM (#27204698)

Funny and true!

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Re:Ethereum will use around 99.95% less energy post merge by perl4ever on Tuesday May 18, 2021 @11:54PM (#27204333)

You can do whatever if you are willing to take the risk, but US federal tax returns are now specifically asking if you own any cryptocurrency, which seems like at least a mild threat they might come after you.

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