This is an important point. If bitcoin had been used more as a currency, rather than investment speculation, the bitcoin community would have a much stronger case to argue that it is a currency.
It probably wouldn't have changed the IRS decision since this is the first regulatory post warning shot, but bit coiners only have themselves to blame.
It needs to be perceived by the outside world as a currency and not like a ponzi scheme that is full of thieves and brigands, because like it or not, that appears to be the general public's and the medias opinion to date.
It probably wouldn't have changed the IRS decision since this is the first regulatory post warning shot, but bit coiners only have themselves to blame.
It needs to be perceived by the outside world as a currency and not like a ponzi scheme that is full of thieves and brigands, because like it or not, that appears to be the general public's and the medias opinion to date.