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That doesn’t answer the question, that was an unnecessary example about the status quo, how would it be worse if the IRS treated them like currency because you
by vmception 6y ago
That doesn’t answer the question, that was an unnecessary example about the status quo, how would it be worse if the IRS treated them like currency because you just wrote an example showing how it would be better. Let’s just wait for the person I originally responded to then
- sokoloff 6y agoShowing a use case where a digital asset is used as currency seems perfectly responsive to your comment that currency treatment doesn’t make sense for digital assets.
- vmception 6y agoI said for most digital assets. That wasn’t an accident. Utility tokens, security tokens, NFTs, wouldn’t make sense to be treated as currency, since I’m around people that require me to specify. And then you have an example that didn’t show how proper accepted legal designation as a currency, in the future, would lead to worse tax treatment, which is the supposition we were talking about. Let me know if you come up with something.