Not possible for a long time. The US government only takes dollars to pay taxes, not Crypto. Until that changes there will always be need for fiat.
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Not possible for a long time. The US government only takes dollars to pay taxes, not Crypto. Until that changes there will always be need for fiat.
Check out Arizona leading the charge. They're in the process of accepting crypto to pay for property tax. Long time is very broad.
Put it this way, any country who doesn't accept crypto as a way of tax is going to end up as a third world country.
but also since bitcoin is a fixed supply that will be over time people will want to hoard it
headspace21 thats not actualy an issue though. Yes, you only have a limited supply but you can send 0.000000001 bitcoin if you want to. That would be 0,0000082 $US at the moment. Hording will only drive the value up, thus eventualy prohibiting very small (or urgent and relativly small due to not including a fee or a low fee for the transaction) transactions, but not really a problem. Bitcoin of course isnt the only currency available though the only one that thus far has wide acceptance with big corporations.
https://steemit.com/@singhv/feed
one vote plz friend new here
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