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Team BCM
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The two money quotes from that article (imo):

The draconian move of changing the actual definition of what a currency is or is not is what most Bitcoin users find so reprehensible. Just as recent gun laws have outlawed or reclassified once legal items, the “New Speak” world has a habit of changing definitions of words rather than changing the laws to fit the definitions.
and

With Bitcoin now compromised, gold and silver, which have traditionally been viewed as ways to opt out of the central bank manipulations in the past, may also be at risk.
 

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You're surprised?
Yeah not really surprised myself....Big Corp bought Big Govt

2 things I saw in comments: not sure how True/accurate they are

This is not a retroactive tax, the tax code says income from any source is taxable however not all expenses and loss is accorded the same treatment.
I agree that any "regulation" that could result in some kind of sanction, or penalty, should not be able to be created by anyone other than a legislative body, I fail to see how bitcoins are any different than anything else one purchases, that can increase in value. They seem more like a stock, to me, that doesn't necessarily have to be reported, when bought but sure has to be when sold, if one makes money on the transaction, or if one wants to take the tax benefit of the loss.
I don't agree with the Retroactive part
Usually a law is in effect when its passed...but Big Gummint doesn't give an F about making honest Americans criminals
 

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Badministrator
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Not in the least.
My shock is not that they now consider it an asset, much like cash....
but 3 or 4 fold in and of other issues around this very principal.
 

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The draconian move of changing the actual definition of what a currency is or is not is what most Bitcoin users find so reprehensible. Just as recent gun laws have outlawed or reclassified once legal items, the “New Speak” world has a habit of changing definitions of words rather than changing the laws to fit the definitions.
This is the heart of most progressive argument on anything these days. It's at the heart of my "I don't suffer fools lightly" comment that you guys have so much fun with. This is how a progressive argues race, 'social justice', immigration, climate change, gun issues, you name it. It's infuriating, is what it is.

The ones that understand what they are doing are not fools, but liars. Many of the simple parroters are what we used to call 'useful idiots'. But you just nailed the heart of PC 'dialogue' right there, sir.
 

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just saw a thing on the Chicago morning news about a bitcoin ATM called zenbox.

I wasn't paying all that much attention. It was orange, like Sunset's hair.


just a heads up for you bitcoiners


T
 

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Down 73% Since the frenzy was as low as the $270 range this weekend
 

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I don't pay much attention to Bitcoin, frankly. I'm in the financial biz, but so far it has not had serious impact there.

Just saw that Bitcoin was the worst performing currency in 2014, worse even than the Russian Ruble.

Bitcoin Named Worst-Performing Currency of 2014 - Yahoo Finance

Of course it was probably the best performing currency in 2013, for all I know. Which means it is not yet actually behaving like a "real" currency. I don't draw any conclusions from this, just posting for you bitcoiners edification.
 

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Hey Bitcoin sponsored a bowl game this year... proof they are legit.
 

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That's just v because it had it's bubble peak right at the end of 2013 / beginning of 2014. I believe the price is still around 3 or 4 hundred bucks per Bitcoin, so it hasn't exactly tanked like all the "experts" predicted.
 

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I seem to recall a number of ppl on the forum invested in various e-currencies a while back. Other than IFIS and his great low buy of Bitcoins before the bubble, how has everyone else done with those purchases? Up, down or even?
 

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If anyone wants an industry white paper on it, PM me. That's what prompted me to think about it today.

It's dropping like a stone, down 30% since yesterday.

Currently in the $185 range (2 PM Central).
 

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I seem to recall a number of ppl on the forum invested in various e-currencies a while back. Other than IFIS and his great low buy of Bitcoins before the bubble, how has everyone else done with those purchases? Up, down or even?
Ripple has gone from about $.005 to $.015. I planned that would be a few year thing though. happy to see that legitimate thanks and press picking it up, which will drive up. For more on ripple see the Ripple thread.
 

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Ripple has gone from about $.005 to $.015. I planned that would be a few year thing though. happy to see that legitimate thanks and press picking it up, which will drive up. For more on ripple see the Ripple thread.
Yeah. Ripple got almost up to 3 cents per, and has swings (like most things)...I think it was over 2 cents at the end of the year, now they are at about $0.015.

I've invested a "few hundred" USD into Ripple...I've got close to 80k Ripple in my wallet, and if I sold them today, I'd be up a "few bucks" from where I started. My hope (obviously) is that they get up to 5 cents or more. Multiplied by 80k, that could equal some serious jing. OR, they could drop to be worthless, and I'm out a few hundy.
 

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I got a few thousand free ripple, from letting them use my Pc for computing purposes. Need to verify how much, but it was free so hopefully it goes up.
 
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