It is a pain if you've got some in a Coinbase-type wallet, the government wants to know every time you spend a cent and what the cost basis was for that cent, which makes it practically useless as a currency (if you choose to keep your crypto where someone else can report it at tax time.)
It is a pain if you've got some in a Coinbase-type wallet, the government wants to know every time you spend a cent and what the cost basis was for that cent, which makes it practically useless as a currency (if you choose to keep your crypto where someone else can report it at tax time.)
But it's no different than dealing with equities where you have to report everything, it's just on a different form. And it's irrelevant whether or not you can use bitcoin to buy a cup of coffee. Whether or not it's a good currency (it isn't) is irrelevant to whether or not it's a good investment.
But it's no different than dealing with equities where you have to report everything, it's just on a different form. And it's irrelevant whether or not you can use bitcoin to buy a cup of coffee. Whether or not it's a good currency (it isn't) is irrelevant to whether or not it's a good investment.
I know. I'm just pointing out why author said what he did. He wants both, but it doesn't work that way easily.
I know. I'm just pointing out why author said what he did. He wants both, but it doesn't work that way easily.
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