I don't get paid in bitcoin. How do I pay people with bitcoin? :)
I think regulation concern is overrated in crypto, at least, with Bitcoin. Crypto complaint about regulation is mainly rooted in libertarian politics. If you are a cryptocurrency and you want to interface with fiat currencies, you need to comply with fiat regulation. KYC is painful but it is necessary. It even helps reduce fraud.
You can't throw your crypto no regulation gauntlet at fiat and demand them to comply to your game. It's crypto wanting to play the fiat game, not the other way around. Currently, there are many ways to on-ramp from fiat to crypto in the US. There's no government interference. If Bitcoin is an asset, Store of Value, you need to be taxed as asset. You can't do both currency and asset thing.
> your crypto no regulation gauntlet at fiat and demand them to comply to your game
you can pay a homeless person with cash. you can pay a street performer with cash. you can gift cash. it's all anonymous no fuss. that's what crypto is, digital cash, not a digital credit card
I don't get paid in bitcoin. How do I pay people with bitcoin? :)
I think regulation concern is overrated in crypto, at least, with Bitcoin. Crypto complaint about regulation is mainly rooted in libertarian politics. If you are a cryptocurrency and you want to interface with fiat currencies, you need to comply with fiat regulation. KYC is painful but it is necessary. It even helps reduce fraud.
You can't throw your crypto no regulation gauntlet at fiat and demand them to comply to your game. It's crypto wanting to play the fiat game, not the other way around. Currently, there are many ways to on-ramp from fiat to crypto in the US. There's no government interference. If Bitcoin is an asset, Store of Value, you need to be taxed as asset. You can't do both currency and asset thing.