Quote from: philipma1957 on March 26, 2014, 03:53:41 AM

Quote from: MinorError on March 25, 2014, 11:02:18 PM

I like the way you guys are seeing things. I guess it's just the pessimist in me being negative Nancy...I really hope you're right. On a more selfish note, how should I, as a small time miner, keep track of my daily payouts? I'm open to any and all suggestions.

This is really good news and or complete death of alt coins. Nothing in between. Hoping it is good news. I have an accounting degree and I did my 2012 taxes based on just about exactly the rules they picked today. Pretty much the only correct method to do them. The business articles that mention this as a blow to miners are written for people that have no training in finance/accounting/tax law. All necessary evils in a civilized world.

I agree that bitcoins had to be brought into the civilized world eventually for them to succeed. Anyone who thought they could be used under the tax radar forever was fooling themselves...but I also see a lot of the childish mentality on here of "how will they know how many bitcoins I have ROFL LOL OMG" etc. The thing in my mind that is a huge blow here is that it's treated as property and not currency. Because wasn't the point of Bitcoin to be treated as currency eventually? If it's treated as property it renders numerous amounts of small transactions by business on a day to day basis impossible.