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>What you have to realize though is that none of that matters with a real currency. And the point of the article is that this takes away from Bitcoin being a cu
by BenoitEssiambre 13y ago
>What you have to realize though is that none of that matters with a real currency. And the point of the article is that this takes away from Bitcoin being a currency.
If you trade foreign currencies you also have to pay capital gains tax. Bitcoin is being treated exactly as other currencies.
- jusben1369 13y agoExcept for the fact that it's being treated as a foreign currency vs a dometic one. Not much difference there (sorry I'm being snarky because you're basically reinforcing my point when arguing against it)
- jtbigwoo 13y agoThe IRS doesn't have much leeway here, I suspect. IANAL, but it's my understanding that U.S. laws specify dollars as the only currency of the U.S. If people can invent other currencies that the government is then required to accept as currency, I suspect it would take an overhaul of our laws. (And isn't there something in the constitution about the federal government having sole minting power?)