Re:Bitcoin now 'unit of account' in Germany
by kaonashi on Wednesday August 21, 2013 @01:17AM
(#6248341)
So Bitcoins aren't a get-out-of-taxes-free card. Isn't that it's primary practical draw? What volume of Bitcoin transactions involve black-market activity?
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Re:Bitcoin now 'unit of account' in Germany
by oleganza on Wednesday August 21, 2013 @01:34AM
(#6248400)
Bitcoin have different facets. For people leaving in places with a variety of banking choice, some of them may come unnoticed.
Bitcoin is great when:
1. You want to accept or make payments from a country where CC fraud is high or banking is rare/expensive.
2. You worry about high inflation rates in your home currency, and your government creates a lot of obstacles to move your money to other currencies (like today in Argentina).
3. Or you want transact in a grey market tax-free. E.g. a guy selling his IT consulting services.