President-elect Donald Trump has now found yet another way to convince his followers to throw their money his way — this time with a questionable cryptocurrency venture.Axios is reporting that the soon-to-be 47th president of the United States has rolled out a "meme coin" dubbed $TRUMP, which is bei...
All money is “entirely fake”. The only difference is how big the value fluctuations are and to what degree you can exchange it for other currency. Crypto has a big problem with the former and minor problems with the latter, but generally speaking it’s not much less real than, say, the US dollar.
You can’t pay taxes in crypto.
I can’t pay my taxes in rupees, but that’s a legitimate currency.
I’m pretty sure people in the EU can’t pay their taxes in USD either, but it doesn’t mean the US dollar is fake. Or it does mean that it’s fake and all other currencies are also fake.