Post
Topic
Board Legal
Re: IRS bitcoin tax question.
by
hellscabane
on 26/03/2014, 17:23:17 UTC
And ease up on the Caps Lock key too.

I think there might a bit of a snowball argument here though...

I will say this, I personally have no reasonable way to only transact in bitcoin. For one thing, most people who mine have operational costs that can't be paid in bitcoin. So unless they have enough non-bitcoin supplementary income, exchange to fiat is going to be necessary.

As for businesses that want to accept bitcoin, what do you expect them to do?
Hey than take it up THE ARSE THEN better YOU then ME!!! and make sure too ask the gov to throw some extra lube in there before they poke you lol the government can't survive without  clowns I mean people like you and its people like you that are keeping Bitcoin DOWN making it A INCOME PROJECT you don't really believe in bitcoin you ain't fooling me for you its just a way to make extra money Roll Eyes your probably one of those scum pump n dumpers in love with the FIAt  ;)so good luck ever making a profit and explaining things to the IRS Fool but like they say a FOOL an his MOney are soon parted personally I would rather die then give in but that would take being a MAN on your part so that's obviously out the question for you.... but hey the world I mean gov needs spineless cowards too! somebody has to play THE FOOL why not you? you seem to got the part PLAYED OUT pretty good maybe you can throw on a cheerleader outfit and become the next oboma girl I bet you'd look cute in it Roll Eyes
Aw, so cute. Such an angry troll. Okay, I'll feed you a little more.

Let's say someone wants to get into the bitcoin scene by mining an alt. So they do so. And this person wants to hold BTC for the long term since he believes in the promise of crypto-currency. There’s one snag though, the cost of electricity is more than the person has out of pocket (cause ya know, most utilities only accept fiat). How do you propose he takes care of that bill?