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Kind of sad when a major player likes Coinbase invites the pure speculators in. Yes I know that 99% of people were just speculating before but at least they ha
by habosa 9y ago
Kind of sad when a major player likes Coinbase invites the pure speculators in. Yes I know that 99% of people were just speculating before but at least they had the possibility of transferring their crypto assets off the exchange and using them for something. Now it's just some magic number you can root for. It's no more interesting or decentralized than any other financial instrument.
When you think about it, crypto currencies may have been too successful. The market got so big that it has to start looking like every other financial product instead of something different with a chance to shake up finance.
- DennisP 9y agoPart of the problem is that if you buy a coffee with cryptocurrency, the IRS wants you to pay capital gains on that transaction. Personally I've avoided actually using crypto because I don't want the hassle. Germany recently passed a law that excludes small crypto transactions from tax reporting. The U.S. already has this for foreign currencies.