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RE: Gold has Limitations that Bitcoin Helps Fix.

in #bitcoin7 years ago

Interesting what Rickards says about the IRS - that they are kind of biding their time and they will eventually want to lock down an exchange or something and get people to come forward and pay taxes on their gains in order to get their bitcoins back. I don't know how they could do that due to the international nature of it. They will probably keep trying to do something like that. Interesting times.

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Of course the IRS and Other countries tax agencies will tax cryptos. Not sure why anyone would be surprised.

Easier said than done. There is a reason they have not already done so:

http://www.zerohedge.com/news/2017-07-10/one-trader-made-200m-trading-ethereumand-nobody-knows-who-tax

I believe they have no right to but they will. They are already gathering info through major exchanges. I'm against it but it will happen.