Most people who’ve heard of “Bitcoin” know it only as a virtual currency sometimes used by criminals. But there are entrepreneurs, engineers, venture capitalists, and bankers who are betting big on the untapped economic potential of the “blockchain” – the underlying technology that makes Bitcoin run. In a sense, Bitcoin is just the first “app”
Bitcoin
Video Interview: Discussing the IRS’s Rule on Bitcoin with LXBN TV
By Jason M. Weinstein on
Posted in Privacy Regulation
LXBN TV interviewed me about the recently announced IRS rules on Bitcoin and the future of the virtual currency. The interview can be found here:
Is the New IRS Rule Good or Bad for Bitcoin?
By Jason M. Weinstein on
Posted in Privacy Regulation
Last week the IRS announced that Bitcoin would be treated as property, rather than currency, for tax purposes. That means the virtual currency will be subject to very real capital gains taxes when used to make purchases. So is this good or bad for Bitcoin? Well, that depends on whether you view the glass on…