6 years ago
7
Bitcoin investors should be taxed like any other investor
Despite its name, cryptocurrency isn't just money. It could also be debt or equity and so it should be regulated and taxed in the same way as other finance.
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Ultimately it will go that way, which is why I don't understand to purpose of doing it in the first place. I thought the whole idea was to create a new for of currency/medium of exchange. If it follows the same rules, including the loopholes, they join the same treadmill we are already on.
It's almost as though any tool can be appropriated for any purpose despite it's intended usage by the designer. If I didn't know any better, I'd say currency means of exchange throughout history was always invented, subverted and finally appropriated by the state. But that's just silly. We all know rulers throughout history, spontaneously had their bureaucratic apparatus invent minting coins as means of taxation and forced every merchant to transact with those coins or else... they would... uhmm... not issue the coins... or something...
It isn't money nor a currency, it is an electronic commodity.
Paper money is really just paper. Money, currency, are just imaginary ideas we humans agree to. We can apply them to metal, paper, plastic or electronic bits.
I want shells, because they are pretty.
There's also stone money.
Now THAT is money.