Quote from: iFUD4BTC on January 05, 2016, 11:48:37 PM

Quote from: Woody20285 on January 05, 2016, 11:38:40 PM

Quote from: iFUD4BTC on January 05, 2016, 09:03:42 PM

this is going to be fun. to say the least.
do you know what happens to those who manage unlicensed securities in the US?
vegas, youre about to find out considering you have "investors" in FLY.

BIG mistake.

IRS has defined Bitcoin and similar coins as property. So the ROS to Fly exchange was
property exchange not, securites sold (I will give you 1 Mickey Mantle card for 2 Roberto Clemente cards).
Vegas sold his own FLY to Private buyers (he can sell his baseball cards) again, property not securities.

Since he has income and expenses - orig. cost of ROS, cost of graphics, coders, etc., he will need
to talk to his accountant on how much tax loss he can claim.

i always thought you were less ignorant than your partner.

i was wrong. i hope you dont seriously believe this bullshit you spew. ill add you to the list.

Thank you for your kind remarks. Actually, I am a volunteer team member. Vegas owns many businesses and I am not a partner in any of them.
And... what I "spew(ed)" was that the IRS has ruled Bitcoin as property which is not hard to verify.