All I can figure is that the "bitcoin is doomed by IRS" posts have a lot to do with the influx of noobs around here.
The IRS may as well have said that they were going to tax the moon. It would be easier than collecting bitcoin taxes.
Yes no Bitcoin borrowing and no other goverment intervention besides calling it property. You can still sell BTC for cash and not have to pay any tax on it, as long as you can do it under the table