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A comment on The Bitcoin Bubble and the Future of Currency. Parent comment

Re:The Bitcoin Bubble and the Future of Currency by DennisP on Wednesday April 03, 2013 @01:35PM (#5487590)
Adults who understand taxes know that if they receive payment in something other than dollars, whether it's foreign currency, gold, bitcoins, or barter goods, it's up to them to pay taxes on the dollar value of it.
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Re:The Bitcoin Bubble and the Future of Currency by betterunix on Wednesday April 03, 2013 @01:55PM (#5487742)
Right, and that is the point: even if you accept Bitcoin payments, you still need to eventually get USD. Ultimately, this is why I believe that Bitcoin cannot survive with the Bitcoin exchanges.
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Re:The Bitcoin Bubble and the Future of Currency by BrokenPipe on Wednesday April 03, 2013 @02:34PM (#5488063)
Right, and that is the point: even if you accept Gold payments, you still need to eventually get Euro. Ultimately, this is why I believe that Gold cannot survive with the Gold exchanges.
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Re:The Bitcoin Bubble and the Future of Currency by betterunix on Wednesday April 03, 2013 @02:50PM (#5488193)
How many markets are using gold as currency?
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Re:The Bitcoin Bubble and the Future of Currency by DennisP on Wednesday April 03, 2013 @04:28PM (#5488824)
You don't have to get dollars for the whole amount, you just have to report the dollar value of your earnings to the IRS, and pay your taxes in dollars.
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