Re:IRS sends warning letters to more than 10k cryptocurrency...
by Analemma_ on Friday July 26, 2019 @06:37PM
(#20538969)
Strongly disagree. In terms of both actual usage and the rhetoric I most commonly see on crypto fora (“digital gold!”, “store of value!”), commodity, not currency, is the correct categorization.
Re:IRS sends warning letters to more than 10k cryptocurrency...
by lawn on Saturday July 27, 2019 @07:04AM
(#20541428)
Just because some people are loudly shouting it's only a "store of value" (i.e. they only speculate with it), doesn't mean others aren't using it as money. Furthermore that's only the Bitcoin maximalists and it doesn't apply to all other cryptocurrencies (since Bitcoin is only really useful for speculation).
Many people do not treat bitcoin like gold, they treat it like a paypal account.