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Its ironic that the same people who keep saying cryptocurrency has no underlying value, that its just a speculative bubble, are saying that profits from its inc
by neuro_imager 9y ago
Its ironic that the same people who keep saying cryptocurrency has no underlying value, that its just a speculative bubble, are saying that profits from its increase in price should be aggressively taxed.
- s73ver_ 9y agoI don't see why it's ironic. Whether something is useful or not, and whether it's increases in value should be covered under financial taxes like any other commodity are separate issues.
- neuro_imager 9y agoCommodity: noun, plural commodities. 1.an article of trade or commerce, especially a product as distinguished from a service. 2.something of use, advantage, or value. 3.Stock Exchange. any unprocessed or partially processed good, as grain, fruits, and vegetables, or precious metals. 4.Obsolete. a quantity of goods. So if you're saying its a commodity (and therefore should be taxed), it has value (and has to be based on something). But semantics aside, taxation is theft, even more so in this case - there's no justifiable reason to hand over a portion of the gains to a government that had no involvement in the creation of the source of revenue.
- s73ver_ 9y ago"But semantics aside, taxation is theft," No, not in the slightest.
- dang 9y ago> taxation is theft Please keep generic ideological tangents off HN. They lead to angry-samey discussion rather than thoughtful-curious. Fortunately that didn't happen in this case, but then not all sparks lead to wildfires, even in a dry forest.