Quote from: virtualfaqs on February 25, 2014, 07:41:21 PM

Quote from: seriouscoin on February 25, 2014, 07:32:10 PM

Quote from: smoothrunnings on February 25, 2014, 07:07:20 PM

Quote from: sonofwind on February 25, 2014, 06:50:39 PM

4.4plus 1000usd

I would never count the bitcoins worth today, if you have 4.4BTC trapped inside Gox right now they are technically worth the price they were before Gox halted trading the first time, which was about $1000 USD per coin. If people who had hundreds in cold storage at Gox sued Gox they would claim their worth at the higher price and not what the market says they are worth today.

No thats not how justice works idiot.

It is if you sold them at $1000 for tax purposes. You'd be totally screwed by IRS then. But of course all the records were lost too so that might be a way out for some.

Let me tell you something about the IRS. It's unconstitutional to be paying income tax in the United States of America, back when the income tax bill was pasted in congress only a handful of the states were there to sign it, since not all the states signed the bill it unconstitutional for the IRS to demand you pay them tax. Secondly the Supreme Court of the USA has already stated very clearly that only people who stand to gain a profit from someone else trade and or experience should they be taxed, but those who are providing their skills for cash should not be paying tax at all. Lastly most the states don't even have it written in their own laws that you are required to pay income tax. The movie America Freedom to Fascism also points this out.

Besides that I don't live in the USA (thank god) so I don't have to worry about the IRS.