▶️ Watch on 3Speak --- There is an interesting bill that was presented in the US Congress. It is one which would allow citizens pay their income taxes in bitcoin. In this video I discuss what this ...
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@thelogicaldude: I see it happening on state level before it happens federally. Gaetz is one of the young freedom caucus guys and does actually believe in cryptocurrencies. I think he is trying to tack onto the same lines as Thomas Massie's 'End the Fed' bill. I do think that although he is a politician, but I have heard him on Tim Pool IRL a few times and the dude looks like be believes what he speaks about. I think he is trying to be one of the 'good guys'. But again, he's a politician... What it would also do to Bitcoin though is recognize it as a currency and SHOULD remove tax implications of trading it, at least that is what I have heard in the past, but would have to fact check that.
@theringmaster: I knew they couldn't resist but join the crypto world, I'm pretty sure this is a slow move to try and tax crypto earners too I may be wrong. I'm also thinking it's a way for government to profit from the assured rise of Bitcoin value. Or let me guess, they want to start owning all the bitcoins 🤔
@outwars: I'm actually against that. Allowing payments via stablecoins would have been the better setup though. Bitcoin is very volatile, and that makes it very difficult to use as a payment option. But I think the fact that they are considering adding crypto as a payment option is really good.
@tonybad: Show me the law Mr Congressman, which states that I have to pay taxes towards a terrorist state ?
@latinowinner: slowly but firmly blockchain keeps going up
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