Gaetz unveils bill allowing bitcoin tax payments
Gaetz unveils bill allowing bitcoin tax payments
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My point is that the US dollar fluctuates in value as well. It loses purchasing power, by design, because it's an inflationary currency. Which means it loses value over time. BTC might go up, it might go down, but it's not literally designed to lose value. 2-3% per year is Fed policy goal in "good years", our recent inflation has been bad because it's beyond that.
The US govt can swap BTC for USD or other currencies instantly if they want to.
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The US dollar is never worth less nor more than than 1 US Dollar. If you owe a debt in USD, the size of that debt does not change based on the purchasing power of the dollar.
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39 comments