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A comment on Did Bitcoin just prove it can't scale?. Parent comment

Re:Did Bitcoin just prove it can't scale? by thatcat on Saturday December 09, 2017 @01:34PM (#15887220)
The IRS classifies and taxes it as an asset because functionally it is an asset. The design is speculated to be based off of hashcash and maybe it was suppose to be used as cash and in a way it is still useful as "electronic cash" for online orders since wait times are less relevant.

http://www.hashcash.org/papers/hashcash.pdf

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Re:Did Bitcoin just prove it can't scale? by Beejeepa on Saturday December 09, 2017 @02:23PM (#15887531)
The IRS is wrong.
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Re:Did Bitcoin just prove it can't scale? by mtremsal on Saturday December 09, 2017 @03:03PM (#15887772)
How so?

And obviously it doesn't matter if the law is wrong, it's still the law. But in this instance, why do you believe it to be wrong?

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