Quote from: Robert Paulson on March 27, 2014, 08:33:29 PM

Quote from: s_s on March 27, 2014, 08:21:27 PM

Quote from: ebliever on March 27, 2014, 08:07:36 PM

Quote from: leopard2 on March 27, 2014, 07:39:19 PM

There is also the issue of being a money transmitter that goes away, which is also good.

Lets see how long it takes for this to sink in.

That sounds right, if it is not money then moving bitcoins around does not make you a money transmitter. So that should open the doors to a lot more business and make it easier to shift funds in/out of BTC - and other altcoins.

There is nothing to say that one segment of the government might choose to treat it like as asset...and another segment of the government choosing to treat it as money I suppose? I mean let's me honest there are lots of inconsistencies throughout enforcement of federal regulations.

each segment chooses to view it in a way that will be the most crippling for bitcoin without outright banning it.
the way the situation stands today Fincen wants exchanges to register as MSB's thus treating bitcoin as money and forcing them to spend millions on compliance or shut down.
the IRS treats it as a commodity thus forcing people to track capital gains whenever they use bitcoin to buy something.

Brilliant.
Proof the Gov is not always incompetent.