Post
Topic
Board Mining
Re: Tax Man
by
bcpokey
on 18/11/2012, 07:39:41 UTC
Maybe you should read this. Looks to me to be a big can of worm for IRS at present though.


From the article: "The lack of response by governments at the moment could be due in part to the relatively small bitcoin market, which hasn't reached a critical mass yet. However, all that could change once the number of coins derived by mining drops by half in November, which, in Elias's opinion, could create a huge spike in value, perhaps reaching as high as $1,000 per bitcoin. "

That would be frickin awesome Smiley .. Goodbye mortgage .. lol.


Would be nice, but very unlikely to happen, that guy is a bit off the rail imho. There's no reason for a 100x valuation increase in coins, due to a decrease in mining reward.