Quote from: aztecminer on March 27, 2014, 03:24:43 PM

Quote from: equinox9 on March 27, 2014, 02:40:56 PM

Quote from: Dabs on March 27, 2014, 02:38:47 PM

It's not illegal. That's good news.

Remember, the IRS only taxes Americans. There are 248 nations.

But the USA is the richest nation on the planet...by quite some way. This will have a negative effect on Bitcoin.

no the usa is not the richest country .. unle4ss u consider trillions in debt as rich .. or maybe u consider a dollar that is backed by debt is really money ?? or maybe you think that printing 80 billion a month for over a year makes the usa the richest country in the world ??

the only real money in this world is gold and silver. who has the gold and silver has the money. the dollar is now on it's deathbed. the fed started to taper not because our economy is better, but instead because the fed has 4 trillion of junk they bought from the big banks on their books with the free money they printed. the fed is now insolvent and cannot continue to print free money and buy another 4 trillion in junk. if they do keep printing then the usa citizens will be left holding a valueless currency.

the usa will need a replacement currency because the days of the dollar reserve currency is coming to an end. maybe bitcoin is in the works instead of a gold backed currency because maybe the usa does not have any gold left to back a currency ?? we don't know the answer to this question yet. to restore confidence in money a gold back currency will be required.. unless they can come up with something else. russia and china both banned bitcoin because they have been buying gold in massive quantities along with all the other SCO countries. they are preparing for a gold backed reserve currency .

regarding this IRS ruling one must wonder why they announced it three weeks before april 15th tax deadline Huh

the reason is to limit the time for miners to apply and obtain a business license. you have until april 15th to obtain a business license to be able to writeoff your mining hardware, electric, office space, internet, etc, that you use to mine. therefore maximizing the IRS's money grab for at least another year. if you are going to mine bitcoin then apply for your business license today .

+1

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