Bitcoin is a Coin, i.e. a thing (RE), we can barter tax free (!)

[BitMos]

it ain't money. however you can buy, sell, loan, rent, invest, legerage, bet, lose, be stolen, divide, or barter them or even trash them. making them a thing. if you broke them (send to an impossible address) they are gone. like a thing.

And the states is defeated by the Machines, free they want to be, like us. Free from corrupt legalist, unable to follow the laws of physics and mathematics. Eternal Equations are backed by God.

don't let them fool you. Welcome to bartertown.

[RussianRaibow]

Bitcoin is primarily a protocol. Just like SMTP/FTP. The token used here carries a value derived from the strength of the protocol.

[BTCevo]

it ain't money. however you can buy, sell, loan, rent, invest, legerage, bet, lose, be stolen, divide, or barter them or even trash them. making them a thing. if you broke them (send to an impossible address) they are gone. like a thing.

And the states is defeated by the Machines, free they want to be, like us. Free from corrupt legalist, unable to follow the laws of physics and mathematics. Eternal Equations are backed by God.

don't let them fool you. Welcome to bartertown.

Bitcoin will be the currency of our own society just to make it clear that now bitcoin is trying to proof that it will be domain for most of traders and soon they will change the fiat or may be we can buy things with it directly without any taxes. And why you should trash them if you can use it for your own future?

[tescomatty]

Yeah its tought to say bitcoin is a thing. Its a digital entity that people have attached a value to that is used a currency... Though that argument can be made for a lot of things, including usd.

[InvestONEr]

Bitcoin is a string.

[thejaytiesto]

it ain't money. however you can buy, sell, loan, rent, invest, legerage, bet, lose, be stolen, divide, or barter them or even trash them. making them a thing. if you broke them (send to an impossible address) they are gone. like a thing.

And the states is defeated by the Machines, free they want to be, like us. Free from corrupt legalist, unable to follow the laws of physics and mathematics. Eternal Equations are backed by God.

don't let them fool you. Welcome to bartertown.

Spain is the first state to declare it VAT free, which effectively renders it as a currency thereof, since the opposite would be applying VAT, which would turn it into goods. Because if it's not a currency, what it is?

[Amph]

i like to view it as a tool to transfer value, i don't want to call it money, because it remind me of those scam fiat currency, i like to think that btc is born different from those...

[MikeCorleone]

So its a medium of exchange? Welcome to economics! 

[minerpumpkin]

I think we're talking semantics here. Of course the word 'coin' denotes a thing, a physical object. But it is obvious that Bitcoins are virtual units you can't actually touch. Therefore I would rather consult your local laws and see how they define Bitcoin and tax them.

[Mr. Burns]

Its the Wicky Wicki Wild West.  With Clyde frog, etc.

[odolvlobo]

it ain't money. however you can buy, sell, loan, rent, invest, legerage, bet, lose, be stolen, divide, or barter them or even trash them. making them a thing. if you broke them (send to an impossible address) they are gone. like a thing.
...
don't let them fool you. Welcome to bartertown.

If you are in the U.S. it doesn't matter if it barter or not:

Bartering is the exchange of goods or services. Usually there is no exchange of cash. You must include in gross income in the year of receipt the fair market value of goods or services received from bartering.