@CryptoSorted 27 July 2021 more from that month

“If goods and services were priced in both a real currency and a crypto-asset, households and businesses would spend significant time and resources choosing which money to hold as opposed to engaging in productive activities. Similarly, government revenues would be exposed to exchange rate risk if taxes were quoted in advance in a crypto-asset while expenditures remained mostly in the local currency, or vice versa.” ~IMF Does the IMF realise how illogical this argument is? 1. People make decisions in what and how to store their money all the time, how is considering any more time-consuming? 2. No sir, taxes would be quoted in the dollar value of Bitcoin and the dollar equivalent would be paid and converted to fiat immediately (if needed) to service expenses. In fact, if anything, it helps protect government revenue against a devasted national currency. #Cryptocurrency