My thought is that our free market does not need communism to thrive.

I know he's into something called USDs.   I think it's some kind of alt that can be used in only a few countries. And, I might be confused, but I think is based on a dog or something.

I really don't recognize that sequence?

As per or PMs, if it's not a Tx ID, not a private or public key then I don't know where to go next. Perhaps some sort of internal accounting tied to the app your using?

Check you personal messages. 

I believe the answer is Yes and Yes. You may choose to not report it, but you may also have to convince the seller to be your accomplice in breaking the law.

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/FAQs-Regarding-Reporting-Cash-Payments-of-Over-10000-Form-8300

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Report-of-Cash-Payments-Over-10000-Received-in-a-Trade-or-Business-Motor-Vehicle-Dealership-QAs

And if it comes out in an audit you may face fines, and penalties, as well as interest on the principal; perhaps even jail time. At that point capitol gains will seem small.

What you are saying is still what I am saying. Although it is not MC/Visa that is out the money. They are insured against such losses and pass that expense on to customers. What this shows is that their system is fundamentally weaker than bitcoin and needs to have it's hand held. Once a bitcoin transaction is completed the vendor has money and nothing can change that. In that way it is NOTHING like a check. A check is nothing more than an IOU. It may take a week to get actual money from that sale and without checking the identity of the check writer the system is extremely vulnerable to fraud.
There is absolutely no reason a seller needs your identity with bitcoin. Within minutes the seller has their money and they could care less who paid.  However I do still think middle men will evolve to handle hyper-fast transactions. Indeed companies like bit-pay are already moving into this space.

I hope not. The fear of others has been so profitable.   

Grr. I wish they would provide some info on who they talked to. Otherwise it's just another anonymous claim. Oh well, now that the courts are involved I think we are going to find out a lot. Judges are not going to entertain statements that "a guy on the Internet" made. There will be subpoenas for witnesses and jail time for lairs. There will be accountants and fact checkers and no place for the truth to hide. Then we will likely know what happened.

The flaw I see in that argument is that it does not take into account the additional layers that will evolve on top of the bitcoin protocol. For example, when you buy a pack of bubble gum at the supermarket and use your credit card or a check the same risk emerges. The card could be bogus, it could be stolen, the check could bounce, the buyer could dispute the sale, etc. Their is no way to really confirm that you can pay for that gum. But the card issuer or bank uses it's internal systems and hedges with insurance to allow the sale. Later they sort it out and eventually the store gets it's money.
Bitcoin begins confirming in 10mins. And even after 1 confirmation it is safe to consider it a done deal on small purchases. It is not cost effective  to summon a huge array of supercomputers to create a fake block so that the bad actor can steal a pack of gum. If you were selling a house then you may want to wait for a full 6 confirmations, but what is an hour when buying a house?
Retailers I have talked with love that bitcoin is so fast. A credit card transaction or a check may look fast from the perspective of the buyer, but for the seller it is the first step in getting their money. When a bitcoin transaction goes through, the seller has the money in minutes and the whole thing is over with no risk of charge-backs or fraud.  

I don't get why everyone is incensed by this tax? Of all the unfair taxes you pay, all the unholy rules to keep you (the little man) out of markets, why are you complaining about capitol gains? Those are rich guy taxes. You pay more on the money you earn from hard work than capitol gains. Now if your problem is with how the tax money is spent, then I understand your grief. But this is about the best ruling we could hope for.

I didn't think absinthe was that great. Although it did make me warmer walking around the old city. One fun thing you can do is look for weekend flea markets (I forget the name in Czech). They are a fun way to meet people and you can find cool cold war era stuff.

Those are good points. However my complaint is it taking weeks or even months to handle a money order. That's ridiculous considering I could have the job done in an hour. 

I would say the major you pick has to be considered for a correct answer. If you just finished your English poetry degree... Well, let's hope they are hiring at Starbucks. 

A tweet from an anonymous source. It doesn't get more legit than that!  

That's what I think also. A lot of people say it will be destroyed by a government, yet no one has convinced me that there is a way for them to do it.  

What about income tax, sales tax, gift tax, property tax etc? I pay tax on all my their money.  Bottom line, In the U.S. gains in wealth are taxable. None of us like what the gov does with our tax money, but the money to run society has to come from somewhere. 

Just as you would expect, it is an overly complicated calculation based on your income and tax rate. But just filling out the forms and following the rules that was the result. It would have come out differently depending on how much I spent. In the future I may hire a tax pro to help me discover how much I can spend each year and keep my tax burden bottomed out.

That is my rate this year. I was a little surprised and a lot happy. I pay dearly for the money I earn from working, but nothing this year for bitcoin. Thanks IRS, my 0% tax rate makes me 100% satisfied.

Bitcoin is the safest way to buy things over the net. However if you are unsafe in your practices then you could still get got. Just make sure you have total and exclusive control of your private keys.

You have misread what the IRS said. You CAN still use bitcoin to make purchases. Also the IRS does not differentiate between bitcoin and litecoin. It applies to all crypto-currencies.