Post
Topic
Board Bitcoin Discussion
Re: The IRS decision and the Bitcoin foundations opportunity to redeem itself
by
s_s
on 27/03/2014, 16:05:28 UTC
Its gonna take quite a bit more than them to do anything.  The IRS dealt the death blow.
Bitcoin will continue to develop as a global currency until its useage as a currency can no longer be ignored by the IRS.

If it is considered a global "currency" than taxation of profits exchanging in and out will be handled like exchanges in and out of any other "currency" (which as an aside is actually less favorable).

I don't understand that point? You want it to be a recognized "currency"...but not one subject to all the other properties of other currencies world-wide when exchanged from one to the other?