* Posts by dragonbikes

1 publicly visible post • joined 8 May 2025

RSA cofounder: The world would've been better without cryptocurrencies

dragonbikes

Re: Show me the real value

Fiat currency has intrinsic value. If you wish to engage in economic activity then you must pay taxes to the government in whose jurisdiction you are earning income. Those taxes must be paid in fiat currency. If you engage in any economic activity withing the jurisdiction of some state, i.e. anywhere other than the high seas, then you must acquire the correct currency in sufficient amounts to pay whatever taxes you owe. Crypto is not accepted for tax payments in any jurisdiction, cannot be used to produce other goods and services, and has no more intrinsic value than baseball cards or beanie babies.