Nailed it! 😎👍
The only thing to add would be that money is given a special value and demand because most forms of taxation requires it.
Imagine a far thinking mayor being elected who announced that the city's property taxes could be paid in crypto. It would be the wedge of crypto mass adoption in my opinion.
Thank you so much and thanks for the tip too!
Yes I think that I wouldn't want conditional crypto like paying taxes for ETH, if ETH did that and programmed it into their money I would immediately leave. I don't see why forced payment is needed anymore. Taxes for sure make it real, taxes are even necessary not for funding but for removing currency from circulation and maintaining say a peg to gold, that to make sense but just willy nilly reward recycling doesn't sit well with me
I think that crypto doesn't need to change, we need to change to suit crypto
My meaning was to be able to pay property tax with crypto not to be taxed for your crypto; although the one crypto sale made by mistake in 2015 was declared as capital gains on my tax return that year. Not charged a tax due to capital gains limit not yet reached yet declared.
Ah I see, to be honest I have my feelings about government mandating rules about land, I think it should be taken away from them and ownership placed on-chain and verified by oracles. Any fees paid shouldn't be lining pockets but for running the chain.
I avoid cashing, never have and the way I feel now I never will