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Bitcoin mining is self employment income, and gains are taxable says IRS

 
Anonymous Coward
User ID: 47811365
Denmark
06/01/2014 06:50 AM
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Re: Bitcoin mining is self employment income, and gains are taxable says IRS
Good luck tracking it IRS...most people are doing cash on the side transactions like crazy at your local Starbucks!!!
 Quoting: *~*SUPERFLY*~*


That's only enforceable when you exchange bitcoin for fiat. At some point in the future, when the dollar is practically worthless, we will not need to convert into USD but instead need to convert it to BRIC currency. At some point we may not even need to convert BTC at all. When this happens, fiat becomes obsolete along with the institutions that enslave us.
 Quoting: Roninmd


BTC is the ultimate Fiat currency. If you don't understand that, you have a big problem.
It is a imaginary currency represented by numbers on a computer.

At least with a regular currency you have a bit of metal or some paper, even if it has no other value.
With BTC, you do not even have that.
 Quoting: Anonymous Coward 56067594

finally someone who really understands the trap of BTC...
dasbier
Anonymous Coward
User ID: 58740151
Greece
06/01/2014 06:59 AM
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Re: Bitcoin mining is self employment income, and gains are taxable says IRS
Good luck tracking it IRS...most people are doing cash on the side transactions like crazy at your local Starbucks!!!
 Quoting: *~*SUPERFLY*~*


That's only enforceable when you exchange bitcoin for fiat. At some point in the future, when the dollar is practically worthless, we will not need to convert into USD but instead need to convert it to BRIC currency. At some point we may not even need to convert BTC at all. When this happens, fiat becomes obsolete along with the institutions that enslave us.
 Quoting: Roninmd


BTC is the ultimate Fiat currency. If you don't understand that, you have a big problem.
It is a imaginary currency represented by numbers on a computer.

At least with a regular currency you have a bit of metal or some paper, even if it has no other value.
With BTC, you do not even have that.
 Quoting: Anonymous Coward 56067594

finally someone who really understands the trap of BTC...
dasbier
 Quoting: Anonymous Coward 47811365


what you don;t understand is that this is understood by many from the tip of the ponzi scheme pyramid going don't towars the base.

They know taht the game is rigged...they just want to cash their part of the scam by selling it to the ones below.
Anonymous Coward
User ID: 52806018
United States
06/01/2014 07:17 AM
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Re: Bitcoin mining is self employment income, and gains are taxable says IRS
already turned in one of the more obnoxious bitcoin got in early assholes at work. he was "out of work" for a couple days and turns ashen when asked about his bitcoin winnings these days. LOL
Anonymous Coward
User ID: 58742252
United Kingdom
06/01/2014 07:18 AM
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Re: Bitcoin mining is self employment income, and gains are taxable says IRS
only if you cash out into currency gonz. you know this, stop pretending its otherwise.
Anonymous Coward
User ID: 47811365
Denmark
06/01/2014 07:36 AM
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Re: Bitcoin mining is self employment income, and gains are taxable says IRS
Who fucking cares? A gold bar is as useful as brick of dirt, except a good dirt is more useful, because you can grow food in dirt.

Fuck gold, it's worthless.
 Quoting: Anonymous Coward 36426283

maybe... but our super intelligent creators, knew that it will come a time in our development when we will have to use money and because they also knew that untruthful money will lead to the collapse of their newly seeded civilisation, they have genetically embed in us this confidence in gold (you are so eager to destroy..)

Money should mean a safe way to store our trust, to store the FUTURE.

So whoever pulled the strings to take gold money from us, is the enemy of our species.
 Quoting: Anonymous Coward 10399917

ohyeah





GLP