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RE: Question: What might it mean for tax purposes if Bitcoin is labeled a commodity by the IRS?
So true. Until that changes and it’s treated like normal currency mass adoption is not likely.
So true. Until that changes and it’s treated like normal currency mass adoption is not likely.
I agree completely. No matter how good the technology, if you still have to track capital gains every time you transact with it, it won't catch on.
Well put.