Post
Topic
Board Legal
Re: [IRS] If Bitcoin is property, then the IRS may have a BIG problem!
by
IrishFutbol
on 26/03/2014, 12:34:00 UTC
IRS's Ruling is an attack on Bitcoin

this is to the benefit of the bankers at the expense of bitcoin

Bitcoiners/Cryptocoiners will  get used to not reporting and they will subvert IRS like torrents have decimated the digital media industries, most in the tech generation feel its normal to copy copyright digital media because they grew up with it
IRS ruling burdens will normalize bitcoiners into ignoring the IRS, IRS have made a huge mistake. we may find ourselves with a new generation of IRS avoiders

you will see a big shift of people keeping all their money into crypto and rarely converting to fiat to avoid the IRS... accelerating bitcoin adoption

IRS is unconstitutional anyways, the money goes to fund the vatican!

It's a normal ruling that should have been expected a mile away.  Any other treatment and there'd be speculation that someone involved is also significantly involved in BTC.

It likely won't affect anything regardless though, at least in the short term.  The IRS is understaffed, and has bigger fish to fry.  They might target a few major players, but short of a targetted vendetta (think Tea Party v2.0), they will ignore 99.99% of BTC users.

And ignoring the IRS...you speak as someone who has nothing to lose.  Try telling someone with a few assets or a family to ignore the IRS...