NASDAQ Article -- The Price of Bitcoin Is About to Get a Little Government Help

[MF Doom]

Interesting. Politicians with brains.

I guess there's a first time for everything!

[googs84]

NYC was interested a few months ago in paying tickets ect ect .... well see

[johnyj]

While majority of people have no idea about how fiat money system works, government officials should be the first one realizing the fiat money's slavery. Utah has proposed return to gold standard since 2009, so it is not a surprise that they also embrace bitcoin

[MF Doom]

While majority of people have no idea about how fiat money system works, government officials should be the first one realizing the fiat money's slavery. Utah has proposed return to gold standard since 2009, so it is not a surprise that they also embrace bitcoin

Except they use it as a means to keep a large majority of the population living off the govt.  They reward the rich, keep their positions of power, and let the middle class suffer

[runpaint]

http://www.coindesk.com/new-hampshire-bitcoin-tax-payments/

New Hampshire Lawmakers Debate Accepting Bitcoin for Tax Payments

[BitcoinNewbie15]

http://www.coindesk.com/new-hampshire-bitcoin-tax-payments/

New Hampshire Lawmakers Debate Accepting Bitcoin for Tax Payments

Sweet, some more good news! I think bitcoin will see some nice price movement this month.

[lucasjkr]

While i think this could be good news for Bitcoin, lets not get too far ahead of ourselves.

This is a great use of Bitcoin - making a payment that is normally a one-way payment; people don't chargeback their tax payments, and only the absolute rarest will put a stop payment on a check. Bitcoin fits in perfectly for that. More and more, tax payments are e-Payments, and with each payment going to a unique address, verifying that a payment was received on such and such a date would be trivial.

It doesn't signal that e-commerce via Bitcoin is ready or feasible for the masses. Nor do I think that this move would actually spur additional demand for bitcoin - I don't think that people will go buy bitcoin just to pay their taxes with.

Sure, it'll give Bitcoin additional "legitimacy" in our eyes, but to the public, the reporting is already neutral to positive, I would say... compared to a couple years back, no one is implying that people investing or speculating with Bitcoin are criminals. The thing holding people back from bitcoin isn't a question of what the government thinks, more it's the lack of places to spend it (yes, this is one new venue), uncertainty about the currency and how it works, and the lack of userfriendliness...

SO even if both states adopt bitcoin for tax payments, I don't think the demand will necessarily increase nor will the price get much upward pressure.

That's just my thought, though...

[Denker]

While i think this could be good news for Bitcoin, lets not get too far ahead of ourselves.

This is a great use of Bitcoin - making a payment that is normally a one-way payment; people don't chargeback their tax payments, and only the absolute rarest will put a stop payment on a check. Bitcoin fits in perfectly for that. More and more, tax payments are e-Payments, and with each payment going to a unique address, verifying that a payment was received on such and such a date would be trivial.

It doesn't signal that e-commerce via Bitcoin is ready or feasible for the masses. Nor do I think that this move would actually spur additional demand for bitcoin - I don't think that people will go buy bitcoin just to pay their taxes with.

Sure, it'll give Bitcoin additional "legitimacy" in our eyes, but to the public, the reporting is already neutral to positive, I would say... compared to a couple years back, no one is implying that people investing or speculating with Bitcoin are criminals. The thing holding people back from bitcoin isn't a question of what the government thinks, more it's the lack of places to spend it (yes, this is one new venue), uncertainty about the currency and how it works, and the lack of userfriendliness...

SO even if both states adopt bitcoin for tax payments, I don't think the demand will necessarily increase nor will the price get much upward pressure.

That's just my thought, though...

Sure you're right with all what you said.
But 2 states accepting it to pay taxes with it will reduce the negative image of Bitcoin in the publich as just being a criminal currency.

[BillyBobZorton]

Is this an April's Fools joke?

it's impossible to tell at this point. I really hate this stupid month where you can't fully trust any news just in case is an ellaborate joke.

[gentlemand]

Is this an April's Fools joke?

it's impossible to tell at this point. I really hate this stupid month where you can't fully trust any news just in case is an ellaborate joke.

It's been on the table for months. A few seconds of googling will show it up in the deep past too. You're not allowed to start April Fool jokes several months beforehand.

[OgNasty]

Is this an April's Fools joke?

it's impossible to tell at this point. I really hate this stupid month where you can't fully trust any news just in case is an ellaborate joke.

It's obviously an April Fools joke.  If you don't understand why the US Government will never allow taxes to be paid in anything but dollars, then you have a lot of reading and thinking to do.

[MF Doom]

Is this an April's Fools joke?

it's impossible to tell at this point. I really hate this stupid month where you can't fully trust any news just in case is an ellaborate joke.

It's obviously an April Fools joke.  If you don't understand why the US Government will never allow taxes to be paid in anything but dollars, then you have a lot of reading and thinking to do.

No the federal gvt will not allow it, that is clear.  But local officials looking for ways to ACTUALLY SAVE money are going to propose solutions like this.  Sad that they will get shot down.  But at least these officials are trying to help the poeple out by looking for ways to cut gtv costs.

[runpaint]

Is this an April's Fools joke?

it's impossible to tell at this point. I really hate this stupid month where you can't fully trust any news just in case is an ellaborate joke.

It's obviously an April Fools joke.  If you don't understand why the US Government will never allow taxes to be paid in anything but dollars, then you have a lot of reading and thinking to do.

http://www.coindesk.com/new-hampshire-bitcoin-tax-payments/

New Hampshire Lawmakers Debate Accepting Bitcoin for Tax Payments

That article is from February.

This isn't much different from the dot-com startups in the 90s who wanted to process local traffic fine payments online.  Now every local government has a website address on your speeding ticket.  Taxes have to be paid with dollars - but you can pay with a credit card, and the credit card company gives the dollars to the government.  It's no different if Bitpay gives them the dollars when you send bitcoins.

[Q7]

Great! At least somebody saw its potential especially on how transacting with btc will actually help to save on the fees. If the bill is passed, it will only mean more people starting to accept bitcoin as a form of payment currency. Hope to see more bullish signs coming ahead.