29 Mar '14, 2pm

#Bitcoin and the Road to Obsolesce.

#Bitcoin and the Road to Obsolesce.

Napoleon Bonaparte once quipped that fame and glory is fleeting but obscurity is forever. As it turns out, that's a fitting description of bitcoin's illustrious past and probable future. Besides wild price swings, government bans, massive security breaches, and fraud, the $8 billion bitcoin market's latest hurdle is something nobody (except for Marc Rich) can escape: taxes. The latest IRS ruling that now taxes bitcoins as property and not currency is significant. It means that virtual bitcoin miners are forced to include the fair market value of all their bitcoins as gross income on the date of receipt. This is exactly the kind of adverse tax ruling that nobody in the bitcoin religion, especially Andreessen Horowitz, wanted to see. Remember all the crazies who were spending $17 million a day for a shot at mining $4 million worth of bitcoins? Ouch. Furthermore, the IRS ruli...

Full article: http://www.nasdaq.com/article/bitcoin-and-the-road-to-obs...

Tweets

Bitcoin Has Been Getting Creamed

Bitcoin Has Been Getting Creamed

businessinsider.com 31 Mar '14, 10am

Just a few days ago it was near $600. The latest blow was last week's IRS ruling, which some people believe will make reco...

#Bitcoin

twitter.com 05 Apr '14, 6am

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11 Top Bitcoin Memes

11 Top Bitcoin Memes

coindesk.com 29 Mar '14, 12pm

Dogecoin’s Jackson Palmer on Fast Transactions, Many Tips and Much Inflation Jackson Palmer tells CoinDesk why he founded ...

The Taxation Of Bitcoin Won't Mean That Bitcoin...

forbes.com 28 Mar '14, 1pm

The IRS ruled that Bitcoin and other virtual currencies are property, not currency. This means that they are subject to ca...

How Bitcoin Could Make It Harder To Track Illegal Guns

How Bitcoin Could Make It Harder To Track Illeg...

thinkprogress.org 28 Mar '14, 5pm

By Lauren C. Williams on March 28, 2014 at 1:29 pm 54Share This 82Tweet This Share this: "Why Gun Manufactures Are Embraci...

This week in bitcoin: IRS declares bitcoin is property, price falls below $500

This week in bitcoin: IRS declares bitcoin is p...

gigaom.com 28 Mar '14, 5pm

In this week’s bitcoin review, we recap the first formal U.S. government stance on the cryptocurrency and the market falli...

Great Ocean Road Tour

Great Ocean Road Tour

misstamchiak.com 31 Mar '14, 12am

HAPPY MONDAY! I am home and back to reality. Still not used to the hot weather here and I am feeling so tired everyday. Pe...

Bitcoin Keeps Getting Smashed

Bitcoin Keeps Getting Smashed

businessinsider.com 03 Apr '14, 3am

Alternative Dispute Resolution Alternative Medicine Animation Apparel & Fashion Architecture & Planning Arts and Crafts Au...

Bitcoin supporters clash over ideological, practical issues

Bitcoin supporters clash over ideological, prac...

sfgate.com 30 Mar '14, 12am

On the second day of CoinSummit, a virtual-currency conference at the Yerba Buena Center for the Arts last week, bitcoin e...

Now Its UBS' Turn To Slam Bitcoin

Now Its UBS' Turn To Slam Bitcoin

businessinsider.com 28 Mar '14, 2pm

Earlier this month, Goldman analysts took aim at most of the main arguments for why Bitcoin would succeed. This morning, i...

30 33 - Road Closure - Murrayburn Road from Sunday 30 March

30 33 - Road Closure - Murrayburn Road from Sun...

lothianbuses.com 28 Mar '14, 3pm

Murrayburn Road from Sunday 30 March 2014 To allow road works to be carried out, services 30 and 33 will be unable to use ...

#bitcoin

bitcoinmagazine.com 07 Apr '14, 2pm

As most people have now heard, the IRS just granted itself the power to tax the gains realized when individuals sell or sp...

The Bitcoin battle between Warren Buffett and M...

twitter.com 30 Mar '14, 4am

To bring you Twitter, we and our partners use cookies on our and other websites. Cookies help personalize Twitter content,...

Square Market Accepts Bitcoin

corner.squareup.com 31 Mar '14, 7pm

Sellers should never miss a sale. We’re building tools so sellers can accept any form of payment their customers want to u...

For Bitcoin Lessons In The History Of Failed Currencies

For Bitcoin Lessons In The History Of Failed Cu...

forbes.com 29 Mar '14, 2pm

While payment systems tend to evolve, specific currencies have come and gone over the centuries. Take for example the Cont...