Last week, bitcoin hit yet another milestone when Ohio began accepting bitcoin payments for taxes, the brainchild of its visionary State Treasurer, Josh Mandel, who apparently has ambitions to transform Ohio into a real-life version of John Wick’s Hotel Continental.
Ohio’s accepting of bitcoin is a first for any U.S. government agency, and while perhaps a boon for the John Wicks of the world, the rest of us, not so much. This article discusses why Ohio’s treasury, or any other state or federal government entity, should be the very last institutions to even consider accepting this dubious form of payment. But first, a little background.
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