Re: Bitcoin confusion?

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#620421

From: John Levine
Date: Wed, 07 Feb 2018 22:27

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In article <fe1bgf...@mid.individual.net>,
Huge  <use...@huge.org.uk> wrote:
>> 	You can't pay taxes in bitcoin, therefore it isn't money.
>
>Don't be ridiculous.

Among economists, the working definition of money is whatever you can
use to pay your taxes.  One can (and often does) have hair-splitting
arguments about things like whether a bank CD is money, since you have
to convert it to a checking account before you can pay taxes with it.

I realize that the bitcoin fanbois often have a rather special view of
the world, so things may be different there.

-- 
Regards,
John Levine, jo...@iecc.com, Primary Perpetrator of "The Internet for Dummies",
Please consider the environment before reading this e-mail. https://jl.ly

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From: John Levine <jo...@taugh.com>
Newsgroups: alt.folklore.computers
Subject: Re: Bitcoin confusion?
Date: Wed, 7 Feb 2018 22:27:30 -0000 (UTC)
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