Sound of goal posts moving
What on earth are you talking about? I responded directly to something that arose in the Duke's last post - to underscore that in 7 years of discussion of the topic here, nobody has ever suggested that BTC would sit alongside the USD as legal tender in the US! In smaller nations, sure. In the US, never. The purpose otherwise to underscore that the only one making a song and dance about that has been you.
me
@letitroll is suggesting and in fact has proved because it so elementarily obvious that a challenger alternative payment system to visa/mastercard/cash is one that generates a litany of capital gains/losses and pushes onto its user end of year tax filings, is a payments system with a snowballs chance in hell of succeding.
No. What you're doing is disregarding two solutions that have been provided to the shortcoming that was originally identified and going on some crusade about legal tender. The two solutions?
1. As provided by Strike - as described in post no. 148. To make life even easier, I provided the
UK Payments Association's review of it. You've wished it away - but sorry, the solution works just fine!
2.
Legislative change re. the application of capital gains tax where BTC is concerned.
Such a thing doesn't require an amendment to the U.S. constitution!
As I've said - currency/payments use case theory for BTC is DEAD..
lol. I'm glad you reached the conclusion you were hoping for but if it's all the same to you, I won't be buying what you're selling here. As I've explained many times, the greater use case for bitcoin has always been and will always be found in the developing world. That's something that you're never willing to factor in of course but that's totally up to yourself. But we can focus on the US relative to lightning payments and you've still got that wrong.
Now someone mentioned moving goalposts...
Can you explain, if a spot ETF is going to be such a detrimental risk to bitcoin - then how does it realize that risk without $$$ pouring in to said ETF? If $$ pours into such an ETF, isn't that a new market entirely? Won't that have a gentle upward pressure on unit price? Aren't those folks who've never acquired a satoshi ever before?
I know I've asked a few times but you probably didn't notice.