Also by the same author, A Modest Enquiry into the Nature and Necessity of Paper Money
RE: I will cover the meetings in Warsaw another day.
You are viewing a single comment's thread from:
I will cover the meetings in Warsaw another day.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE BLURT!
If you enjoyed what you read here, create your account today and start earning FREE BLURT!
...depends on which side you are sitting, from the side of the bank you don´t need it, they like it more electronicaly by bits and bytes so zero and one there is no need for cash, you can´t block it ;)
From the clients side there might be the need for it,but you also can use any other method of exchange for goods or services, like a non state issued crypto like BTC
Not if the other person won't accept it.
yes that´s clear both parties had to accept it, but you have that also with cash there are peeps who not accept it (while knowing where it comes from) ;)
Don't they have a defi that lets you pay with bitcoin with a card?
yes but it´s in germany and in Spain pseudo cards so you have an exchange of the coins to fiat and therefor a tax issue every time you do that.
The only usecase what avoid that is with the US card from Nexo, they handle these transactions as a kind of a loan against your coins so you don´t lose them (if you pay back later on) and don´t have to pay tax for the sale of the coins.
Defi which not take these special concerns into account isn´t the solution because you lose money for the taxing.
There are bandits in all corners don´t matter if they are Bankers, Lawmakers or Governments 😉