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US Government Moves To Tax And Regulate Bitcoin By Classifying It As A Commodity

 
GFX guy

User ID: 66197238
United States
09/20/2015 08:51 PM
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Re: US Government Moves To Tax And Regulate Bitcoin By Classifying It As A Commodity
...


I feel the need to point out here to all non-americans, that it will not just be the US gov..this crypto-currency is a threat to all nations central banks and currencies, so don't think they wont come to the same conclusion as the US
 Quoting: Anonymous Coward 70371460


sorry to keep rambling on this, but I'm truly amazed at how cavalier the crypto crowd is on this issue,, this is actually grounds for war between nations when you fuck with a nations currency, and you don't think they will hunt hackers for this? come on pull your heads out of it..just ignorant to not know how big of a hornets nest you've stirred when you try to mess with money this way
 Quoting: Anonymous Coward 70371460


How can the control something that can't be controlled?

It's decentralized... nobody to goto war with. It cannot be undone unless the entire internet goes down.

You can't pay your regular taxes with bitcoin so I'm certain the government doesn't lose much sleep over cryptocurrencies. Haha!
 Quoting: GFX guy


ill stop on this last little clue for you, it is the ONLY thing they live for...all agencies..ALL...military, or whatever, everything, they all answer to the treasury when all is said and done
 Quoting: Anonymous Coward 70371460


I always enjoy a good debate... we both could be wrong.

And I agree with your premise. However, I question any ability to actually tax it. When buying US dollars with bitcoin... Sure, they can tax that (kinda).

But you can buy damn near anything these days with bitcoin alone. No need to convert to dollars.
Panhead  (OP)

User ID: 70166510
United States
09/20/2015 09:42 PM
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Re: US Government Moves To Tax And Regulate Bitcoin By Classifying It As A Commodity
thnx for the pine
"Any man who thinks he can be happy and prosperous by letting the American Government take care of him;

better take a closer look at the American Indian."

Henry Ford

"Disappointment is Anger for wimps"

House
Anonymous Coward
User ID: 70338827
United States
09/20/2015 11:08 PM
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Re: US Government Moves To Tax And Regulate Bitcoin By Classifying It As A Commodity
afraid not....wasn't sold on the idea enough I suppose, figures it didn't take our guberment long to figure out how to make money off it though.....next the bastards will be taxing the air we breath!
 Quoting: Panhead


Years ago, they where thinking of taxing peoples items and homes in online MMO games.





GLP