• Arigion@feddit.de
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    1 year ago

    Why would they use bitcoins to pay for the stream? If it’s already bitcoin why bother?

    • Squizzy@lemmy.world
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      1 year ago

      Because Bitcoin is really really traceable and doesn’t hold a stable value and is not widely accepted. So real currency is better and if you show a legitimate source then it is even better again.

    • Delphia@lemmy.world
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      1 year ago

      Because then you can show the government the paper trail back to Spotify showing that the money came from “legitimate sources of income”

      The government isnt stupid, someone getting paid in bitcoin isnt doing nothing for it.

    • IWantToFuckSpez@kbin.social
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      1 year ago

      And then what? How do you then buy a house or a car with Bitcoin without alerting the authorities? Tax man will knock on the door and ask how you’ve obtained those bitcoins and ask why you didn’t report and pay taxes over those Bitcoin.

      And bitcoin aren’t even truly anonymous.

    • Heastes@lemmy.world
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      1 year ago

      You want a legitimate source of income. If the bitcoins were obtained illegally or through illegal activities, you are fucked as soon as you try to cash out.

      Even if you somehow manage to cash out and not get caught at that point, having large amounts of disposable cash with no legitimate source of income would also trigger some alarm bells.

      Never forget that Al Capone went to jail for tax evasion, not all the other shit he did.