BTW, if Madoff ponzi losers get to
write off their losses, we should be able to also! This was allowed because it was considered theft - theft losses can be written off. You can perhaps write off the value of mybitcoin holdings in dollar, at the time they went poof, etc. if you want to be creative.
It would help to be part of the class that creates, revises and enforces the rules in order to be granted the same privileges. If you aren't, that special treatment is probably out of reach.
I'd still be
very wary of claiming losses from Bitcoin-related holdings -
anything unfamiliar is highly likely to be flagged and/or investigated as potential fraud rather than granted leeway, especially in times of economic duress. Even GoldMoney, which has been around and officially registered globally for a decade, continues to trigger warnings with several national tax agencies. The universal government motto should be: "When in doubt, use your clout!"
I will repeat. On a public forum you say this:
Of course. I report everything to the IRS. I am a good citizen. I love the IRS. They are a bunch of great guys that get a bad rap.
BB w@tchz U
I agree, to an extent. If I thought the consequences of speaking up were outweighed by the benefits of remaining silent, I wouldn't have said anything. The problem is, there are too few protecting themselves and that leaves those on the side of freedom outnumbered. I'd rather risk ire than watch as liberty around the world becomes further eroded until I have to fight to the death (literally or figuratively) for mine.
Extremism is building throughout the world with a growing polarization: on one hand, there is the oppression of Sharia law and on the other is western totalitarianism. The former promotes intolerance and death while the latter institutes slavery through indentured servitude. Neither are acceptable to me.
When a person discovers what
freedom to own oneself means, he will live and die as a free man regardless of the costs.