Re:The first Bitcoin post on HN
by aestra on Tuesday November 19, 2013 @02:34PM
(#6763784)
Except this isn't going to make sense unless my paycheck is in Bitcoin. I'll still have to do the currency conversion in my head because I get paid in USD.
[ Parent
| on HN ]
...which is something to start considering. Maybe not your paycheck right away, but small amounts of money, you know, the type of "savings" that women in China pour into bitcoin these days. Coming from a culture with a very strong "savings" ethic, there is a certain "pull" exacted by bitcoin. It's also fascinating to study some deflationary models which until recently I was convinced (like everyone else) could never work, well, I am not so sure anymore whether they would not lead to an improved economic system:
Actually the bigger news would be if you could pay taxes in Bitcoin. If that happens a currency has arrived.
That won't happen.
Governments routinely force their citizens to use a currency under state control. One of the ways they do this is by insisting that taxes are paid in the national currency.
Re:The first Bitcoin post on HN
by sliverstorm on Tuesday November 19, 2013 @06:22PM
(#6765238)
You can't pay US taxes in GBP. GBP is a currency.
You can pay GB taxes in GBP though. Why must you assume taxes = US taxes?
The point is that wherever you happen to live you can't use most currencies to pay your taxes. If I live in France, Dollars, Bitcoins, and Pounds are all the same in this respect.
Re:The first Bitcoin post on HN
by quantumpotato_ on Wednesday November 20, 2013 @06:29AM
(#6767433)