Ah no Bitcoin is decentralized and evades government control. If it could be used for buying actual things, it would be.
Discussion
Not when fiat controlled governments can hold the businesses themselves ransom. If a government can revoke a license or arrest the owner, it doesn’t matter if the currency is decentralized. Bitcoin is already being used, even with lots of government forced limitations, across the world. It is clearly not a technological problem.
Everyone is replying in this thread about all the fantastic shops that accept Bitcoin. They seem to be doing fine. The government conspiracy that you imagine there is fiction.
The shops and their customers only have problems with fluctuating prices but hey that's inherent in Bitcoin no government required.
“Conspiracy”? It is literally capital gains, among other dumb regulations. I’m not making up conspiracy theories. This stuff has already happening. It is why bitcoin does not function as a currency the way it’s intended so far.
Afaik capital gains taxes only apply when you sell an asset where which in government terms means selling Bitcoin for fiat. But that's not what you want you want to pay for things.
There are regulations in many countries that also want to tax “unrealized” capital gains, which would tax you on the assessed value of your unexchanged BTC (and homes, cars, etc). I guarantee that, right before BTC actually takes over, the fiat system will fight for THAT to stop the change.
It doesn't now. It not what's keeping Bitcoin.
This is incorrect for USA/IRS