I think crypto enthusiasts skip the “except” part for government legal tender.
At a minimum, central bank notes are required to pay taxes. The type of currency doesn’t really matter - when gold was the medium, most trade was silver, and the volatile nature of silver made life hard for constituents like farmers.
Crypto works as a transfer mechanism, unfortunately money laundering, finance schemes, and organized crime are the biggest use case.
At a minimum, central bank notes are required to pay taxes. The type of currency doesn’t really matter - when gold was the medium, most trade was silver, and the volatile nature of silver made life hard for constituents like farmers.
Crypto works as a transfer mechanism, unfortunately money laundering, finance schemes, and organized crime are the biggest use case.