The latest proposal in congress to exempt $200 cap gains in the use of Bitcoin as a medium of exchange could be a big deal if passed

There are at least a million hard core bitcoin believers out there. Using bitcoin as a medium of exchange is a great way to increase exposure in daily transactions...

Bitcoin conspicuous consumption could be a thing. Bitcoin payment apps will allow us to seamlessly pay for goods and services using Bitcoin or Lightning as a payment rail.

Any Bitcoiner with steady dollar income can routinely convert a % of those dollars to Bitcoin to pay their barber, tip waiters, pay rent, pay car payments....

It’s a tiny opening in the door but an opening nonetheless...

At the same time, I doubt it gets passed... but we can hope and keep fighting



Submitted January 20, 2020 at 07:42AM by the420chronicler https://ift.tt/30DEmGY

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