Colorado to become the first state to accept cryptocurrency as payment for taxesabcnews.go.com/ABCNews/colorado-state-accept-cryptocurrency-payment-taxes/story?id=83066842
31 sats \ 2 comments \ @ama 24 Feb 2022 bitcoin
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0 sats \ 0 replies \ @zuspotirko 24 Feb 2022
This is awesome for 2 reasons:
  1. The only thing fiat derives it legitimacy from is being the currency for taxes to a state that is backed by aircraft carriers, warplanes and lots of guns.
  2. A step towards circular economy. Getting payed in btc, buying stuff via lightning, pay taxes in btc. Way to go Colorado!
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0 sats \ 0 replies \ @itsrealfake 24 Feb 2022 freebie
Not a lot of info in here about what's going on... but there is this:
[Colorado] will take the digital coin payments and deposit the equivalent value in dollars into the state’s treasury.