News for hackers. Stuff that matters.

A comment on Bitcoin: A Peer-to-Peer Electronic Cash System (2008) [pdf]. Parent comment

Re:Bitcoin: A Peer-to-Peer Electronic Cash System (2008) [pdf] by imglorp on Friday December 08, 2017 @10:38PM (#15884142)
It's closer to a commodity than a currency: fixed supply. In fact, the IRS is treating BTC as a commodity, to be valued, for tax purposes.
[ Parent | on HN ]
Re:Bitcoin: A Peer-to-Peer Electronic Cash System (2008) [pdf] by Frogolocalypse on Saturday December 09, 2017 @07:42AM (#15885554)
You should probably at some point recognize that everyone doesn't live in America
[ Parent | on HN ]
Re:Bitcoin: A Peer-to-Peer Electronic Cash System (2008) [pdf] by imglorp on Monday December 11, 2017 @08:07AM (#15896780)
Oh sure, US was just demonstrative: I think commodity is the right mindset, both as a user and as a community. Banning it's not going to happen, taxing it will be tricky, and it may be premature to rework anybody's tax system just for BTC.
[ Parent | on HN ]