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Author Topic: Revolution or a new start?  (Read 1324 times)
illusion_ishita (OP)
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January 04, 2019, 03:42:25 AM
 #1

Finally US company pay his business tax via BTC so, we can say it's a good start of BTC in future..

I think this company started new revolution so that other company too think of paying tax or payment via BTC. If companies started pay via BTC then other country definatly accept BTC too.

What you guys think of Overstock participate or i can say start revolution in BTC world.
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January 04, 2019, 04:00:31 AM
 #2

When have many company want to working with bitcoin will be positive news and make bitcoin price will growing up, we hope not only company at United State want to work with bitcoin, but around country do the same thing,
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January 04, 2019, 05:36:07 AM
 #3


I know some companies in Russia and Kazakhstan, which accept payment for cryptocurrency and naturally BTC is in the first place for them. They also take in supermarkets in Brazil, at airports in Australia. A lot of good news come across lately. Therefore, I think the life of the BTC is just beginning and is soon recognized worldwide.
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January 04, 2019, 06:00:17 AM
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Yes, it's a new revolution in the taxing business and soon, if this is attracting more people to use bitcoin, the other company will join and will use bitcoin too. Besides that, it is a good start for bitcoin especially that the company is in the US because the US is one of the giant country and maybe the other big country will do the same. And soon, the other business section will give time to research using bitcoin as the payment system (or they already had this). It is good news for people who have bitcoin so they can use bitcoin to pay the tax and they can save their money for another thing.

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January 04, 2019, 06:07:01 AM
 #5

this is progress for Bitcoin ... if superpowers use bitcoin as a payment tool and it is likely that other countries will do the same
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January 04, 2019, 06:12:53 AM
 #6

Paying your taxes with bitcoins should not be the ultimate achievement for Bitcoin, but it is a step in the right direction if governments allow people to do that. I was just thinking that it might not be such a good idea, if you look at what happened with Lazlo <Pizza Guy>  Roll Eyes

Imagine paying 2 bitcoins now at $3700/BTC and then having the price go up to $20 000. <I would be pissed, if I paid that to the government and the value went up like that>  Roll Eyes

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January 04, 2019, 06:57:33 AM
 #7

Finally US company pay his business tax via BTC so, we can say it's a good start of BTC in future..

I think this company started new revolution so that other company too think of paying tax or payment via BTC. If companies started pay via BTC then other country definatly accept BTC too.

What you guys think of Overstock participate or i can say start revolution in BTC world.
Yes, this is the truth, we can skip valuable things. And we know that how much is valuable the Bitcoin. This is more true Bitcoin overcome many Obstacle from the first time and it still alive with a very strong position. It was not so easy for others.

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January 04, 2019, 07:07:27 AM
 #8

It's yet to see how this will reflect on bitcoin. Maybe some will think that using bitcoin to pay tax is some way to avoid or hide something.
But it could also turn out well because it might encourage other business to start accepting bitcoin and introduce it into financial system.
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January 04, 2019, 07:47:37 AM
 #9

That company could be good example that if they success  to use bitcoin as part of their service then it is not impossible to other companies also will following them and i think bitcoin already one step ahead to makes people more confident to be used and i would be so glad if this happened for generally not only in US

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January 04, 2019, 05:10:14 PM
 #10

this is progress for Bitcoin ... if superpowers use bitcoin as a payment tool and it is likely that other countries will do the same

Yes you are right, If super powers start giving crypto currency I am sure the whole nation will give green signal for crypto currency if this happens supply and demand will automatically increase also the value may go up.

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January 04, 2019, 05:27:55 PM
 #11

When the internet was being innovated, people didn't actually believe in and now its the order of the day. The same scenario can be applied to bitcoin and cryptocurrency in general. Bitcoin is going to make a great hit within the next few years and we those who are already into it are going to make huge profits from our investments. The companies paying taxes in bitcoin is just a revolution for bitcoin and cryptocurrency as a whole
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January 04, 2019, 05:39:14 PM
 #12

The revolution has begin , less that one  percent  is world population knows about bitcoin and other crypto currency  gradually bitcoin and Altcoin is getting popularity  across the globe .. Right now we are in digital  world every thing is moving from physical  to digital. when  talk about digital  money  is all about crypto Currency so nobody  can ever  stop bitcoin .. lets wait for the future to come , those who are against it today will join us every soon  ..   

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January 04, 2019, 05:51:07 PM
 #13

Finally US company pay his business tax via BTC so, we can say it's a good start of BTC in future..

I think this company started new revolution so that other company too think of paying tax or payment via BTC. If companies started pay via BTC then other country definatly accept BTC too.

What you guys think of Overstock participate or i can say start revolution in BTC world.

in my opinion with the start of things like this, then we can begin to see that the future of crypto in payments is starting to become more attractive so that there can be massive policy reforms related to crypto, maybe initially only in that country but I'm sure this will continue to grow. Development of crypto is already started

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January 04, 2019, 05:53:30 PM
 #14

Yes, it's a new revolution in the taxing business and soon, if this is attracting more people to use bitcoin, the other company will join and will use bitcoin too. Besides that, it is a good start for bitcoin especially that the company is in the US because the US is one of the giant country and maybe the other big country will do the same. And soon, the other business section will give time to research using bitcoin as the payment system (or they already had this). It is good news for people who have bitcoin so they can use bitcoin to pay the tax and they can save their money for another thing.
absolutely right this is a new revolution that can make bitcoin grow rapidly. And this is the first time in the field of taxation, but with this in the United States, it might make developed and developing countries participate
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January 04, 2019, 06:13:32 PM
 #15

A good start, but certainly not the direction or goal we ultimately want since we know that these taxes that are paid in BTC will just be converted to fiat at some point in time. We want merchants to accept our bitcoins, not the government who certainly wouldn't want the cryptocurrency to flourish. If we want to start a new revolution, try to ask merchants near you, or someone you know to take in BTC as a form of payment, because adoption is necessary to start a revolution. We won't get anything further if we just stop at paying taxes with BTC, we have our fiat for that anyway.

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January 04, 2019, 06:16:45 PM
 #16

A good start, but.....
when they pay the tax bill to ohio, ohio will sell it and turn to USD immediately.
Basically another Hodler (overstock.com) getting out of BTC.

The revolution will be when Ohio keeps the BTC on there books without converting to USD.

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January 04, 2019, 08:39:35 PM
 #17

That is a great thing in the name of proving the security and trustable nature of the blockchain. That's definitely a positive adoption.
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January 04, 2019, 08:42:46 PM
 #18

Finally US company pay his business tax via BTC so, we can say it's a good start of BTC in future..

I think this company started new revolution so that other company too think of paying tax or payment via BTC. If companies started pay via BTC then other country definatly accept BTC too.

What you guys think of Overstock participate or i can say start revolution in BTC world.

Yeah, it could be good start for bitcoin and maybe set a precedence not just in US but all over the world as well. So it could have a domino effect and the next thing we know, people starts buying not as investment or store of value, but the payment system that we believed bitcoin should be.

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farosa
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January 04, 2019, 09:05:01 PM
 #19

Certainly, paying tax with Bitcoin is good news and if this is a big company, others will tend to do so. It can also be as an advertising for this company. At least it took our attention. But on the other hand, there are countries where Bitcoin is more widely used, and I don't think they have a lot of influence around.
shinharu10282016
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January 04, 2019, 09:37:51 PM
 #20

Paying tax with bitcoin? Then what will the government do when its prices hike up? How about its accounting?

It is indeed a revolution. But how will they cope up with the excess gains and losses?
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