New Post at Forbes: First of all, an investment in a bitcoin entity will be a gut-wrenching, difficult investment to make if a particular VC has an inherent fundamental belief in any of the following: (1) the cashless society as promoted by the anti-cashists; (2) capital controls enforced at national borders; (3) the appropriateness of any government monetary policy; and (4) the taxation of income.
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- Exactly! That's why I createdand am getting into bitcoins as much as I can. The more we get away from government money the better off we all will be.Aug 12, 2012
- Kahre and are great ideas for a future article.Aug 12, 2012
- I'd love that. BTW, as of this last week I've been getting more orders for Shire Silver in bitcoins than dollars. Still no orders from Africa or Antarctica, but we've had orders from all the other continents.Aug 12, 2012
- I see a Star Trek like future where the entire world is united under one currency, a future where there is peace and no more wars. I hope bitcoin can make that a reality.Aug 12, 2012
- one +1 is not enough, wish I could add you +1000000!Aug 13, 2012
- I'd add that there are a lot of other fringe "currencies" that are not clearly defined in the tax rules, and may vary from state to state.
Simple examples include your frequent flier miles, gift cards, and virtual currency in online games that can be exchanged for a virtual good that has a monetary face value or equivalent.
Although these are more traceable or written down by an entity (Airlines, merchants, gaming companies) - they sometimes have their own markets and exchanges. If we can't define things that are now commonplace, how do we even address Bitcoin?Aug 14, 2012