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This seems like a positive for the legitimization of cryptocurrency. Of course if you were trying to use it to avoid paying taxes you may feel otherwise. Hopefu
by golover721 5y ago
This seems like a positive for the legitimization of cryptocurrency. Of course if you were trying to use it to avoid paying taxes you may feel otherwise. Hopefully it leads better forms and adoption by exchanges to provide useful tax documents.
- tluyben2 5y agoThis is what I feel; becoming more normal. Sure a lot of people don't want to report it; don't think those people will start now anyway.
- x3n0ph3n3 5y agoI think we should all be incredulous that any of this is "normal."
- the-dude 5y agoBe careful what you wish for.
- BitwiseFool 5y agoIf "Legitimate" means having to comply with all these regulations and decisions from unelected bureaucrats, then I prefer fringe and bizarre.
- vorpalhex 5y agoIf paying your taxes and not shoveling money to criminals is "complying with regulations from unelected bureaucrats" then you have an ethical quandry as much as a practical one to sort through.
- mrzimmerman 5y agoYou only have to comply if you’re a US citizen or doing business as a US entity, in which case they are not unelected or are appointed by elected officials. Unfortunately for your tastes of fringe and buzzard society and people in it at large prefer stability and regular growth. I like a bit of both. We need the fringe and buzzard for society to grow and change, and as a parent and home owner I like to know that society is stable and that I’m not in danger of losing everything some how. Anyway, not an easy balance but such is living in a society.
- UncleMeat 5y agoI always found the derogatory use of “unelected bureaucrats” hilarious. Who elected the btc core devs?
- fragileone 5y agoExcept the SEC is trying to classify all blockchain products as securities, which massives harms onboarding for people who want to try these fringe creative new apps.