[Ipg-smz] Ohio accepts bitcoin to pay taxes (Techcrunch)

[Tom Henderson]

I used to mint BTC. I converted any earnings automatically, and quickly, 
into USD. Mostly, but not always, this was a good strategy. Stating 
what's owed in BTC + a fee is the right way to do it; the fee can cover 
most short term tragic dips in the ratio between BTC & USD.

Tom


On 11/26/18 3:59 PM, Richard Santalesa wrote:
>
> Legal tender isn’t the issue… value received to the state’s coffers 
> are.. so I’d be interested in how that actually works…
>
> *From:*Ipg-smz [mailto:ipg-smz-bounces at netpress.org] *On Behalf Of 
> *Ken Hess
> *Sent:* Monday, November 26, 2018 3:56 PM
> *To:* ipg-smz at netpress.org
> *Subject:* Re: [Ipg-smz] Ohio accepts bitcoin to pay taxes (Techcrunch)
>
> It's odd for sure, since Bitcoin, or any cryptocurrency, is not legal 
> tender.
>
> Thanks,
>
> Ken
>
> Kenneth Hess
> (918) 919-0411
> Twitter: @kenhess
>
> Skype: kenneth_hess
>
> kenhess.com <http://www.kenhess.com/> - frugalnetworker.com 
> <http://frugalnetworker.com/>
>
> Filmmaker - Podcaster - Reviewer - System Administrator - Writer
>
> On Mon, Nov 26, 2018 at 2:52 PM Phil Shapiro <pshapiro at his.com 
> <mailto:pshapiro at his.com>> wrote:
>
>     I tend to share your hesitation, Ken, but am equally intrigued
>     about Ohio's decision to roll this out. Maybe it's courageous -
>     maybe it's foolish -- maybe it's a bit of both.
>
>     ------------------------------------------------------------------------
>
>     *From: *"Ken Hess" <kenneth.hess at gmail.com
>     <mailto:kenneth.hess at gmail.com>>
>     *To: *"ipg-smz" <ipg-smz at netpress.org <mailto:ipg-smz at netpress.org>>
>     *Sent: *Monday, November 26, 2018 3:10:45 PM
>     *Subject: *Re: [Ipg-smz] Ohio accepts bitcoin to pay taxes
>     (Techcrunch)
>
>     Not a good idea. When the value goes down, they get less money,
>     unless they convert it to real money right away. If the value goes
>     up, then you've paid too much tax.
>
>     And when I write value, I'm using air quotes.
>
>
>     Thanks,
>
>     Ken
>
>
>     Kenneth Hess
>     (918) 919-0411
>     Twitter: @kenhess
>
>     Skype: kenneth_hess
>
>     kenhess.com <http://www.kenhess.com/> - frugalnetworker.com
>     <http://frugalnetworker.com/>
>
>     Filmmaker - Podcaster - Reviewer - System Administrator - Writer
>
>     On Mon, Nov 26, 2018 at 2:00 PM Phil Shapiro <pshapiro at his.com
>     <mailto:pshapiro at his.com>> wrote:
>
>         Sheesh -- that's a big step forward.
>
>         https://techcrunch.com/2018/11/25/ohio-becomes-the-first-state-to-accept-bitcoin-for-tax-payments/
>
>
>
>         -- 
>
>         --
>         Phil Shapiro, pshapiro at his.com <mailto:pshapiro at his.com>
>         http://www.his.com/pshapiro/briefbio.html
>         http://www.twitter.com/philshapiro
>         http://www.his.com/pshapiro/stories.menu.html
>
>         "Wisdom begins with wonder." - Socrates
>         "Learning happens thru gentleness."
>
>         "We must reinvent a future free of blinders so that we can
>         choose from real options."  David Suzuki
>
>         -- 
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>     --
>     Phil Shapiro, pshapiro at his.com <mailto:pshapiro at his.com>
>     http://www.his.com/pshapiro/briefbio.html
>     http://www.twitter.com/philshapiro
>     http://www.his.com/pshapiro/stories.menu.html
>
>     "Wisdom begins with wonder." - Socrates
>     "Learning happens thru gentleness."
>
>     "We must reinvent a future free of blinders so that we can choose
>     from real options."  David Suzuki
>
>     -- 
>     Ipg-smz mailing list
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>     http://netpress.org/mailman/listinfo/ipg-smz_netpress.org
>
>
-- 
Tom Henderson
ExtremeLabs, Inc.
+1 317 250 4646
Twitter: @extremelabs
Skype: extremelabsinc

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