We shouldn't even be talking to the government... This is none of their business and it should stay that way.
You have some reading to do my friend. Not only is money their business, it is their money.
correct. money = FIAT. the US government own dollars. so dollars is their business.. not bitcoin
ALL COMMERCE IS REGULATED. No exception. Even if you find a gold ring on the street, technically you owe some of it to the government.
Let's get past this foolishness about bitcoin not being regulated. IT IS being regulated while some bitcoiners hide their heads in the sand. The real question is do you want a voice in the regulation process? Or would rather let the government do it for you?
It will be to late when you come here saying "the state took my money!!" The time to act is now, or maybe yesterday.
wrong
if you find gold. you keep it. its yours.. if however you convert it to FIAT, you then have to declare your fiat.
same with bitcoin. america does not own bitcoin, so you do not have to declare bitcoin. but when you convert it to fiat then you have to declare it.
FIAT is the governments property.
imagine it another way.. you own a chicken. it lays an egg.. do you pay tax on every egg produced.. no. if you swapped an egg for some bacon, tax?? no.
if you sold your egg for FIAT, income tax.. yes.