Wow, I'm suprised this is still a question. Yes, I successfully convert BTC to USD on a regular basis. I don't wish to disclose how much, but it's not pocket

Wow, I'm suprised this is still a question. Yes, I successfully convert BTC to USD on a regular basis. I don't wish to disclose how much, but it's not pocket change (and yes, it's subject to taxation). The delay complaints you see are mostly people who have never done international wires before and therefore who aren't aware that because of the existing banking system, wires can take 3-8 days to clear. That delay is not because of the Bitcoin exchanges, that's because of the banks that deal with your "real-world currency". Bitcoin is very liquid if you're not a total idiot. If you wish to convert it anonymously (I don't), it's a little harder, but still doable (see localbitcoins). Most exchanges require copies of your passports and other ID to comply with U.S. regulations (i.e., they don't want to wake up to Seal Team 6 in their bedroom). All of this is no different than any other currency. In other words, Bitcoin is real-world currency. Welcome to 2013.