Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Quote
IRS Says Bitcoin is Property, Not Currency
In a notice, the IRS said that it generally would treat Bitcoin held by investors much like stock or other intangible property. If the virtual currency is held for investment, any gains would be treated as capital gains, meaning they could be subject to lower tax rates.
http://stream.wsj.com/story/markets/SS-2-5/SS-2-490994/In a notice, the IRS said that it generally would treat Bitcoin held by investors much like stock or other intangible property. If the virtual currency is held for investment, any gains would be treated as capital gains, meaning they could be subject to lower tax rates.
Probably willful confusion on the govenment side, just like the central bank reports.
It is not a currency, because it is not a generally used medium of exchange, ok, but it is money.
It is not virtual, it is complete, full, real, tangible money.
The expression "virtual currency" should really not be used for bitcoin, cryptocurrency is better, but the best name is cryptomoney.
And here I thought you were just some silly dude who tried to ban twitter by blocking DNS, but I really like the way you put that.
I will now steal it for my signature. Thanks Erdogan
