News for hackers. Stuff that matters.

A comment on Why would anyone spend bitcoins?.

Re:Why would anyone spend bitcoins? by dublinben on Tuesday May 06, 2014 @11:45AM (#7705141)
This is an even greater hurdle to overcome now that spending a Bitcoin is a taxable event. According to the IRS, precisely which Bitcoin you spend has significant consequences. Without fungiblity, Bitcoin is not a practical currency.
[ Parent | on HN ]
Re:Why would anyone spend bitcoins? by mrkent on Tuesday May 06, 2014 @12:12PM (#7705339)
Applications that will automatically keep track of these events are on the horizon. The cryptocurrency industry is still in its infancy.
[ Parent | on HN ]
Re:Why would anyone spend bitcoins? by 2drew3 on Tuesday May 06, 2014 @12:00PM (#7705259)
Great point. Hopefully, IRS will reconsider and treat BTC as a currency.
[ Parent | on HN ]