Comment by jjackson5324

1 year ago

Yeah, you're just wrong. I have several people in the Philippines and South America who help me out with misc things (VA-type tasks).

All of them have asked me if I could pay them in crypto (USDC on AVAX Chain).

There's tons of people who use it for day to day. You're just in a bubble.

3 comments

jjackson5324

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nottorp  1 year ago

Am I, or are you?

Your people are dodging tax, probably because no one has got around to regulating crypto in their jurisdiction yet. Not that I blame them.

In other places where it's regulated and you get taxed anyway, there's no point in losing money on exchanges.

  • jjackson5324  1 year ago

    Nope, you're the clueless one.

    > Your people are dodging tax

    I said I'm using USDC. That makes 0 sense.

    No, the reason we're using crypto is because the transaction fees are literally 0 and it's instant.

    PayPal takes super high transfer fees. Wise is a cheaper alternative but it's still much more expensive than crypto.

    > there's no point in losing money on exchanges.

    Once again, I'm using USDC

    It's a stable coin tethered to the US dollar.

    It's really strange how HN users are so confident on things they know nothing about.