• Bassman1805@lemmy.world
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    4 months ago

    That’s beside the point, because you don’t pay taxes in denominations of “loaves of bread”, you pay them in US dollars. If you pay with an asset that is wont to change its value in US dollars on a whim, that’s a gamble for the government. There’s a reason people don’t regularly pay taxes with stock options.

    • makeasnek@lemmy.mlOP
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      4 months ago

      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.