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I'm sure supporters of Bitcoin would (at least in the US) like to argue for Bitcoin being a currency in this case, as it would allow users to record capital gai

by omni 14y ago

I'm sure supporters of Bitcoin would (at least in the US) like to argue for Bitcoin being a currency in this case, as it would allow users to record capital gains and losses rather than standard P/L like you'd get from selling rocks. The tax benefits on capital gains are much greater. edit: This statement is false. Thanks for the clarification, nullc.

nullc 14y ago
Er. Something doesn't have to be a _currency_ to report capital gains on them! http://www.irs.gov/publications/p550/ch04.html#en_US_2011_publink100010476 http://www.irs.gov/publications/p550/ch04.html#en_US_2011_pu... "For the most part, everything you own and use for personal purposes, pleasure, or investment is a capital asset. Some examples are: [...] Any property you own is a capital asset, except the following noncapital assets."