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wxxyrqa
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February 23, 2021, 11:13:52 AM
 #121

Agree. In addition, one of the purpose of Bitcoin is to have a universal currency. It can be used for any transactions but it will still be the traditional currencies that business would prefer as it is less volatile. Also, as stated above, traditional currencies are being run by the government where in businesses are registered in. No country will prefer to have this as a main form of transactions.
Bitcoin's volatility is not the most crucial barrier to bitcoin's functioning as a universal currency. The most important obstacle is the attitude of state authorities, who are unlikely to be very happy if any business will make payments in cryptocurrencies, and not in national fiat currencies. Therefore, financial regulators will probably require such transactions to be carried out through the intermediary of fiat currencies.
Even the current fall in the cryptocurrency market is caused by the statement of the US Treasury Secretary, where she speaks negatively about cryptocurrencies, I confirm my words by the fact that cryptocurrencies are only speculative in nature. But at the same time, the only salvation for cryptocurrencies, according to officials, is the opportunity to study cryptocurrencies in order to be able to protect consumer rights, as well as to combat money laundering.

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February 26, 2021, 01:15:06 PM
 #122

For the state, the use of a crypt, in the sense we are talking about (anonymity, decentralization, inability to influence transactions) is simply NOT ACCEPTABLE. the first two arguments relate to the security of the financial system, and there will be no solution here, the third is at least related to the work of the fiscal service. A simple example:
Company A buys from Company B, a product that is priced at $ 100,000. TODAY, let's say it's 2 cue ball.
How to pay taxes if it is almost impossible to determine the cost of goods. Why? And here are at least 2 options:
- the company bought bitcoin when it was worth $ 3,000.
- the company made a direct exchange of ETH for BTC  through the liquidity pool, and ETH mined or bought 5 years ago. How are taxes calculated? You can, of course, go according to the invoice value in fiat, but this also does not work out very correctly if the calculation was another asset, which only at the moment was equated to $ 100,000. And there will be so many such nuances that the fiscal services and courts will be inundated with claims and litigation, at least because the state is always interested in collecting more taxes, and business in reducing them.

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