In the US, paying for goods using crypto is a taxable event. In addition to the taxes you’re already paying, you’re also paying for this transaction. If you receive your salary in crypto or use it to buy crypto, you will be taxed twice.
Does anyone here think that taxation will change in the US? If not, what makes you think that crypto will see mass adoption anyway? Do you think your portfolio will be green in ten years without cryptocurrencies being used for payments? Some might say that the US will become economically irrelevant and the rest of the world will adopt crypto anyway, but I doubt it at this point.
I’m not even going to start with usability, that can be solved in a decentralized way if more people use it. Volatility won’t be a problem then either.
submitted by /u/OsChMoScH
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