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stormdelta t1_j6jh6ya wrote

Reply to comment by lcbomber in TIFU by buying too much crypto by Colinian18

As someone who lives in Colorado, no they didn't.

They made a partnership with PayPal where you give PayPal a % fee to exchange your cryptocurrency for actual USD, which PayPal then gives to the government. At no point is the government actually accepting Bitcoin as part of that process.

> Plus the blockchain ledger can tell them exactly what’s happened in someone’s account, more transparent than cash.

Complete lack of privacy isn't a positive for most people.

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lcbomber t1_j6jyawy wrote

Good info, thank you for that, kind local!

And on your point of privacy, I do agree, and so do others, which is why more privacy focused blockchains like Monero exist. Just some food for thought, not trying to shill XMR, I’ve honestly never had any or tried to get any yet. But it’s out there.

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