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It's closer to a commodity than a currency: fixed supply. In fact, the IRS is treating BTC as a commodity, to be valued, for tax purposes.
by imglorp 9y ago
It's closer to a commodity than a currency: fixed supply. In fact, the IRS is treating BTC as a commodity, to be valued, for tax purposes.
- Frogolocalypse 9y agoYou should probably at some point recognize that everyone doesn't live in America
- imglorp 9y agoOh sure, US was just demonstrative: I think commodity is the right mindset, both as a user and as a community. Banning it's not going to happen, taxing it will be tricky, and it may be premature to rework anybody's tax system just for BTC.