“ 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.
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The only mistake I made here is using an outdated example; in the not so distant past Apple was sitting on a stockpile of foreign currency and draining it's U.S. reserves to pay its taxes and other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.
"since they have to pay U.S. taxes in dollars"
Why would I say U.S. taxes if there were no other taxes besides U.S. taxes? Use your brain, man.
You really should start reading the words that are there not the ones in your imagination.
They're useless to pay U.S. taxes, unless they can convert them to dollars. Just like crypto. Duh^6.
That's why I said "U.S. taxes". You've looked at this statement like a dozen times now so it doesn't seem like it'll ever sink in.