Slashdot Mirror

← Back to Stories (view on slashdot.org)

The People of Ohio Can Now Pay Their Taxes in Bitcoin (qz.com)

Posted by msmash on from the for-the-record dept.

Starting this week, businesses in Ohio will be able to pay taxes in bitcoin through a new platform, OhioCrypto.com, a first in the US. From a report: For many enthusiasts, part of the appeal of crypto has been the very fact that these currencies are not backed by governments. That makes it harder for politicians to manipulate currencies to their own ends, they say. But for the same reason, states have sought to sideline cryptocurrencies, comfortable to dismiss bitcoin as a passing fad. So Ohio, and its treasurer Josh Mandel, see embracing them as a way to signal that the state is tech-savvy and forward-thinking. "I do see [bitcoin] as a legitimate form of currency," Mandel told (paywall) the Wall Street Journal.

5 of 149 comments (clear)

  1. Just when you thought it couldn't get worse... by djbckr · · Score: 4, Insightful

    I seriously cannot comprehend how mind-bogglingly stupid [some/most] politicians can be. How do these people even function in society?

    1. Re:Just when you thought it couldn't get worse... by Actually,+I+do+RTFA · · Score: 4, Insightful

      Oh, you day traded crypto and made $10k in 2017, well, we'd like our cut of the shorterm capital gains.

      Oh no, people have to pay the taxes they owe. I'm so sorry for you.

      Fuck assholes who think "it happened on a computer, so it's totally different". Fuck the people who think that means they can patent 100 year old things done on a computer. Fuck the companies that think they can ignore safety regulations because they're booking hotel rooms on a computer. Fuck assholes who say "I'd don't owe taxes because I made my money on a computer"

      --
      Your ad here. Ask me how!
    2. Re:Just when you thought it couldn't get worse... by Anonymous Coward · · Score: 3, Insightful

      Only if you also think using any public infrastructure is trespassing, sending your kids to a public school is fraud, and are ok with us checking your tax return before sending police or firefighters to help you if you need it. Don't want to pay taxes, move to Somalia. Those of us who understand that a society is stronger if we pay for certain things jointly can stay here without you.

    3. Re:Just when you thought it couldn't get worse... by CanHasDIY · · Score: 4, Insightful

      Then stop using the publicly funded internet, thief.

      --
      An enigma, wrapped in a riddle, shrouded in bacon and cheese
  2. Unbelievably stupid by bblb · · Score: 3, Insightful

    This is almost certainly going to be ruinous for Ohio's bottom line. I highly doubt anyone associated with the Ohio treasury is as involved and up to speed on crypto transactions as they would need to be to avoid such a volatile currency blowing up in their faces.