I have a couple of questions that I hope someone more versed than me can answer: * Isn't the rule of crypto currencies and the like that the code is explicitly

I have a couple of questions that I hope someone more versed than me can answer: * Isn't the rule of crypto currencies and the like that the code is explicitly the contract, so if the code says to give people money then that is "legally" binding? * Doesn't the IRS, etc still consider crypto currencies to be assets, not currency, so you'd only declare income on sale of the asset, not acquisition?