Post
Topic
Board Economics
Re: Keeping Track of Pool Payouts
by
MashRinx
on 27/03/2014, 00:55:21 UTC
For those that haven't seen the recent IRS announcement:

http://www.bloomberg.com/news/2014-03-25/bitcoin-is-property-not-currency-in-tax-system-irs-says.html

This is really shitty news for those of us in the U.S. And for Bitcoin in general.

Maybe, but good news for litecoin and dogecoin. Since treating btc like property rather than currency (like the IRS is pushing ... and of course the international bankers are behind this), then it will only promote the increased use of litecoin to act as the "currency".

The guidance never uses the word bitcoin, specifically.  It says "virtual currencies" and, if I remember correctly, E-Currencies.  I don't see any reason to think Litecoin, Dogecoin or any other alternate crypto currency would be considered any different.