Topic: Bitcoin the solution to financial freedom - page 2. (Read 263 times)
Bitcoin has too many drawbacks to replace fiat in business as of today. High fees and at least 10 minute waiting time means it's not suitable for small purchases and physical stores, until Lightning Network arrives. Price volatility means you have to instantly convert it to fiat, which means additional fees and reintroduction of trusted third parties. Most people have poor security practices, so they could easily get their coins stolen from their phone or computer if they get some malware.
Bitcoin helps to make business strive since it has no daily limit of transfer and its activities are not regulated nor controlled by any financial institutions, businesses grow fastest when buyer and saler decides to used bitcoin as a medium of transaction
Transactions are not directly regulated but you still need to pay taxes.
Be careful, most countries are making regulations. If you have a business and you want to receive btc as a payment method it should be just like a fiat currency. Same taxes. You are probably saving the credit card fee provider only...
Bitcoin helps to make business strive since it has no daily limit of transfer and its activities are not regulated nor controlled by any financial institutions, businesses grow fastest when buyer and saler decides to used bitcoin as a medium of transaction
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