swordandscale
Rookie
- Jan 29, 2014
- 10
- 2
- 1
I'm interested in your opinions
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Bitcoin has progressed much further than I thought it would,but if it ever treathens the dollar the local Masters of the universe will end it. Just as in the past the petrodollar and a global currency were talked about that's as far as it got "talk". Can it co-exist with the dollar is the question?
IRS has planned following taxes for bitcoins:
Short term (0-39.6%) and long term Capital gains (0%-15%)
Isn't that some kind of a pay method like Paypal?
US Dollar's 'fantasy money' too. It only has value so long as we believe it does. When that changes, look out.
Bitcoin is a enemy of the conservative ideal. Conservatives want to enslave us and bitcoin makes that harder.