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Bitcoin should be legal currency or intangible property?
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Topic: Bitcoin should be legal currency or intangible property? (Read 1526 times)
kotwica666
(OP)
Legendary
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Activity: 2282
Merit: 1035
Re: Bitcoin should be legal currency or intangible property?
December 12, 2014, 02:46:47 PM
#21
I'm still not sure, but it looks like will be better when BTC will stay intangible property - it is legal and we can use it in barter transactions, so we don't have to pay taxes
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sherbyspark
Hero Member
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Activity: 910
Merit: 1000
Re: Bitcoin should be legal currency or intangible property?
December 12, 2014, 04:51:28 PM
#22
Quote from: kotwica666 on December 10, 2014, 12:26:58 PM
Yesterday i found this article:
http://cointelegraph.com/news/113075/new-york-state-bitcoin-is-intangible-property-
At first I thought it was good news, but then I thought that the goal should be Bitcoin like a normal currency ..
What do you think about that?
It already is, its just that its not accepted by many.
Anything not illegal is legal
kotwica666
(OP)
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Activity: 2282
Merit: 1035
Re: Bitcoin should be legal currency or intangible property?
December 12, 2014, 05:05:14 PM
#23
Quote from: sherbyspark on December 12, 2014, 04:51:28 PM
Quote from: kotwica666 on December 10, 2014, 12:26:58 PM
Yesterday i found this article:
http://cointelegraph.com/news/113075/new-york-state-bitcoin-is-intangible-property-
At first I thought it was good news, but then I thought that the goal should be Bitcoin like a normal currency ..
What do you think about that?
It already is, its just that its not accepted by many.
Anything not illegal is legal
Of course it is legal, but what will be better currency or intangible property?
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I A
M B
LAC
KJA
CK.
FUN
.....
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Q7
Sr. Member
Offline
Activity: 448
Merit: 250
Re: Bitcoin should be legal currency or intangible property?
December 12, 2014, 10:21:48 PM
#24
As long as i read the word "property" that is good enough. Property has the potential to appreciate in value and can be considered an asset or tool for investment. Tax free status certainly comes as a plus point
Renewable Energy Source
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