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RE: Pay your taxes with Bitcoin!

in #taxes7 years ago

I agree with you; however, I don't think its user friendly enough to be mass adopted yet. You and I get it... however, there is no chance in hell that my grandma can use crypto (I don't think she ever will). I think the most (but not all) decentralized systems are great. The user interfaces definitely need to be simplified for the computer illiterate. But yes, seeing governments legalize BTC as tender (Japan and Australia) and use ETH to tokenize systems (Singapore, Russia and China) clearly shows that this is the way of the future.

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I like to say, its not sexy Yet. Just like the internet! Look at the changes on the net. Grandma probably doesn't use the internet much either. But I hear that overall point. I worry for the older generation. Baby boomers and older who are not technically inclined. I think they will be left with worthless fiat and no clue. Probably still paying taxes to a dead system. I'm hoping to teach old dogs new tricks. So Grandma and Grandpa can retire or stay retired. Can't even begin to have the tax debate with that demographic. lol

Yea, its a lost cause. And the majority of 40s-50s are way too proud to listen to someone younger than them. I tell them to buy some crypto. But they laugh and ask what stores accept bitcoin. By the time most stores accept bit coin the wealth transfer will be well under way. SMH.

I couldn't agree more! I have very similar experiences. Its too bad we cant teach all those old dogs. New tricks!

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