Quote from: Hazir on January 18, 2016, 07:50:45 PM

Quote from: DimensionZ on January 18, 2016, 07:44:20 PM

I like it like it is right now. If it is accepted as a currency then maybe taxes will be imposed on it and you need to declare all profits to the revenue agencies. Now it's a little bit like the Wild West but it's has its advantages.

Taxes on what? Bitcoin is currency normally you don't see currency taxed, we have indirect taxes added to the value of goods like VAT, and all items you can buy with bitcoin already are taxed.
Taxing bitcoin further will be unfair in comparison with standard FIAT currency.

Ah, I don't know where you are located but in the US, the IRS does know about bitcoin and they want their piece of the action. They consider it property for tax purposes. I don't think they think - or care - that they are being unfair

IRS Notice 2014-21 is a pertinent document