You are viewing a single comment's thread from:

RE: Witnessing The Evolution Of Currency, Are You Ready For The Ride? - Blockchain Coffee “Tax”

in #freewrite7 years ago

Members sourcing assistance, paying each other in crypto is a way of barter and trade on blockchain.

Purchasing through large established merchants, VAT is added into invoice on purchase where I live so government gets the tax that way. Being a merchant dealing in crypto, for the sake of ease lets say Bitcoin, it must be a nightmare using spot rates to keep track on purchases for daily movements on/off the books if using GAAP system within the laws of the country.

Since gold no longer back the majority of fiat, money is a promise on paper it holds no wealth except what a government declares.

Stock markets are on the swings and slides, many adverse affects... the normal person does not even realize. Hence the sooner blockchain technology is introduced the less corporate corruption, lies, in our country "State Capture" where billions have been stolen.

Yes scary but promising times ahead, sooner blockchain is introduced the better!