“ They really aren’t. A currency is only worth anything if normal people are willing to trade them en masse. For the majority/normal people to trade them en Maße there needs to be an universally agreed upon use for them. A use that taxes give, since no matter who you are, you must pay your taxes in the state issued currency.
Crypto and other alt currency tokens are worthless by definition”
https://reddit.com/r/technology/s/TTK0bCHDDN
Don’t necessarily agree with it, but I get why someone would have that take.
They paid $16 billion in income tax in dollars, not Euros.
Not the best example since Apple make so much money they can cover their income taxes with domestic sales, but most international companies have to convert money from other currencies into their local currency in order to pay taxes and employees.
It doesn't matter if that other currency is Euro or crypto, neither can be used to pay their bills.
I didn't say either of those things.
You deceptively edited out the context. If you're converting currency into your local one, whether it's Euro or crypto doesn't matter.
You're arguing with things I didn't say and intentionally missing the point, which to reiterate is that as long as you can convert into your local currency then the idea that crypto is worthless "because taxes" is dumb.
You inferred that I was saying Apple only pays taxes in the US and no other taxes anywhere else, but I didn't say that.
Did you honestly think I thought Apple doesn't pay any VAT/sales tax in Europe? Or they don't have a tiny EU/shell corps to manage their small number of employees there and manage local stores and lawyers and whatnot?
This is not a valid way to approach a conversation, assuming that your peer is an absolute moron and then saying "aha I implied this strawman because you're an absolute moron because only an absolute moron would make that strawman argument".
The only mistake I made here is using an outdated example; in the not so distant past Apple was sitting on a stockpile of foreign currency and draining it's U.S. reserves to pay its taxes and other obligations, but now they make so much money that's not even a concern for them at present.