Published On: Mon, Apr 9th, 2018

Here’s How Taxes Are Harming Bitcoin’s Usefulness as a Payment Method

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While most of the early buzz around Bitcoin centered on it as a new, fast, cheap and permissionless method of online payment, the focus has moved from medium of exchange to store of value over the past few years. It’s clear that bitcoin is useful for censorship-resistant payments that may not otherwise be possible without this new technology, but much more of the recent hype has been around tracking the price more than anything else at this point.Although general activity on the Bitcoin network has continued to rise, a recent report from blockchain analytics firm Chainalysis shows …

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