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re: Mr Bitcoin Goes to Washington

Posted on 4/8/14 at 11:29 am to
Posted by La Place Mike
West Florida Republic
Member since Jan 2004
28843 posts
Posted on 4/8/14 at 11:29 am to
quote:

Just heard Polis on CNBC talking about the benefits and he was asked about investing in bitcoins... His answer "No, people shouldn't invest.. They should transfer dollars into bitcoins in order to complete a transaction"

That doesn't make sense, but if you invest in bitcoin the government has no idea what you have and how much to tax you on if you have gains.
Posted by Mo Jeaux
Member since Aug 2008
59085 posts
Posted on 4/8/14 at 9:31 pm to
quote:

That doesn't make sense, but if you invest in bitcoin the government has no idea what you have and how much to tax you on if you have gains.


I don't understand this comment. How would they not know?
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