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Author Topic: 10 interesting facts about cryptocurrencies  (Read 187 times)
worle1bm
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January 21, 2022, 05:20:15 AM
 #21

The point of dogecoin starting as a parody or joke and then becoming one of the most hyped meme coin at one time surpassing others in top 10 on CMC but see now its hype has been potentially over and you would see less talks about it.The investors have found out that it was just a meme coin nothing else.

There are countries that might be willing to adopt it as legal tender like in El Salvador and some will have taxation regulations soon or late.So definitely they are part of income and comes under tax slabs.

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January 21, 2022, 07:59:34 AM
 #22

But still misleading. Articles have been written about the pizza order as the first time Bitcoin is officially used to buy something from a store or a business company. It wasn't actually the case. The pizza was actually bought from Papa John's by someone else using fiat. It was then delivered to Laszlo in exchange for the Bitcoin.
The key thing is that it was the first time when bitcoin was considered a medium of exchange with which one can satisfy one's needs for certain goods and services. What is worth noting is that from the point of view of Laszlo it was a direct exchange, that is, he purchased the good he desired directly with bitcoin, whereas the guy who delivered pizzas had first to exchange his fiat for the good Laszlo desired, which was an indirect exchange. Therefore, we can call it a first commercial transaction involving bitcoin because it was exchanged directly for real goods. What is interesting here is that bitcoin was seen as a valuable medium of exchange from the very beginning, that is why people were ready to make indirect exchanges just for the sake of acquiring bitcoin.


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