Isn't gaetz one of the ones you wouldn't want near your kids?
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Yes, he is a Republican.
Which is probably why he knows so much about Bitcoin
Someone is heavily invested in bitcoin.
Can we see his portfolio for a sec? Not saying there's an ulterior motive, but....
If I remember correctly, his buddy that got busted for getting fake ids for minors also spent a ton of government money buying GPUs to mine crypto.
Joel Greenberg, of the family that owns Greenberg Dental. I did not know about the crypto bullshit though.
Bitcoin and crypto is dumb and a waste of resources. We should tax it at 100% to kill off this unstable energy sink.
Considering the extreme fluctuation of Bitcoin, it feels like that's a payment that has to be processed and cashed out within an hour of the filing for the Federal government to not get screwed.
Why? I know why far-right Republican bozos want it — all the bribes (or “donations”) from the crypto and oil industries. But how would anyone else benefit from this? We don’t pay our taxes in random things that have a perceived value, whether it’s Mexican Pesos, airline miles, gold doubloons, futures contracts, corn, land, etc. for a reason. Individuals sell those assets (and often pay capital gains taxes on the sale) to get dollars, the national currency that has a known value and doesn’t need to be sold.
Then, the U.S. government would have to sell them all anyway and the price fluctuations make that very risky. Why put that risk on the government? And only for Bitcoin, which is by design^1^ super volatile. It doesn’t even have a central bank. The U.S. government collecting and selling loads of BTC every April would probably make it even more volatile and speculative.
^1^ Probably unintentionally since Bitcoin fanboys all seem to have found their Economics knowledge in a Cracker Jack box instead of a textbook.
Hey crypto bros, it's a trap! Once they get your tax payment in Bitcoin, they will consider that a capital gain and expect to see the transaction on next year's tax return.
Nah fuck off.
No Venmo?
This would be just like all the other services that allowed payments with Bitcoin and later sunset them because no one used it. See Wikipedia...