I think I caught a clip of that in someone's video, but don't remember the full context. But iirc, there are at least a couple of states that announced they will accept btc for taxes and a t least a couple that recognize metals as currency. AZ, UT and OH, seem to ring a bell, but am not certain on those.
But why would taxes be his biggest concern? Our tax system is a scam anyway, and mostly unconstitutional.
Anything that is finite, permissionless and decentralized is better than our current money system, and as far as being an asset, I trust BTC more than any stock. I can't send you a stock certificate. Afaik, I can't even hold my own stock certificate anymore.
How much moneyprinting is going toward propping up the stock market? How much rehypothecation is going on?
Sorry for the mini rant, was supposed to be a short response, lol.
lol... No worries. I like to rant too :)
The taxes thing seemed like a soundbite he thought would resonate with people. There wasn't much else to it and it really didn't make much sense. Like you are saying, you can't use a stock certificate as tender either. The analogy falls flat.
There are certainly more ways to pay with BTC than gold or silver. Especially with what PayPal is doing now.
Money printer go Brrrr is good for everyone that owns equities, metals, BTC, and property. If you're some poor hourly working plebe trying to squeak by a living, forget it, you are fucked!
Rehypothecation is supposed to be checked during the bank's stress tests. Good point, I haven't heard much about this lately and honestly not something that was on my radar.
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