Finally Californian people can pay taxes on their bitcoins.
Nope. That would be legal tender and despite the similar name the law doesn't do that. The new law simply correctly a poorly written law from the past that if actually enforced today could be interpreted today as making any miner in CA a criminal simply by producing new bitcoins. Changing this law has been on the book for some time. It would also for example make Amazon and Facebook equally criminally liable for issuing facebook or amazon credits. It changes a few letters of an antiquated and never enforced law. The real world effect in CA will be essentially nothing. I am not saying it isn't a good idea to get it passed. It never is a good idea to have unenforced laws on the books because they could be selectively enforced in the future but it pretty much is a much to do about nothing.
Thats exactly what I thought, taxes are backed up by the government, and they are what makes the dollar strong right?
