TKeenan



Offline



Activity: 874

Merit: 1000









Hero MemberActivity: 874Merit: 1000 Is this a bicycle? ...or a car? April 02, 2014, 06:26:47 AM #1



It has two wheels, it must be a bicycle - right? It has motor driven wheels, it must be a car?



Why have such a stupid argument? It is not a fucking bicycle nor a car. It is something new . Not a bicycle; not a car.



Why is the IRS trying to decide whether bitcoin is 'property' or 'currency'. It is not either. It is something new. It has new attributes never seen before. It needs new rules. Rules for property are totally inappropriate for bitcoin. Rules for currency are inappropriate too.



Cryptocurrency is a new thing - stop trying to decide whether it is a bicycle or a car. Let's start making new rules appropriate for this new thing. It has two wheels, it must be acycle - right? It has motor driven wheels, it must be a car?Why have such a stupid argument? It is not a fucking bicycle nor a car. It is. Not a bicycle; not a car.Why is the IRS trying to decide whether bitcoin is 'property' or 'currency'. It is not either. It is something new. It has new attributes never seen before. It needs new rules. Rules for property are totally inappropriate for bitcoin. Rules for currency are inappropriate too.Cryptocurrency is a- stop trying to decide whether it is a bicycle or a car. Let's start making new rules appropriate for this new thing.

CurbsideProphet



Offline



Activity: 672

Merit: 500







Hero MemberActivity: 672Merit: 500 Re: Is this a bicycle? ...or a car? April 02, 2014, 06:32:56 AM #3 Quote It has two wheels, it must be a bicycle - right? It has motor driven wheels, it must be a car?

There's a lot of things that have those characteristics and are not a bicycle or a car. A motorcycle or scooter, for example. While I don't agree with how the IRS is treating Bitcoin, I don't understand the analogy. For the purposes of operation, a motorcycle and a car are very similar (requires a license, insurance, obey laws, etc.). You don't need to rewrite the rules every time something different comes out. The problem is the IRS is trying to play both sides of the fence.

There's a lot of things that have those characteristics and are not a bicycle or a car. A motorcycle or scooter, for example. While I don't agree with how the IRS is treating Bitcoin, I don't understand the analogy. For the purposes of operation, a motorcycle and a car are very similar (requires a license, insurance, obey laws, etc.). You don't need to rewrite the rules every time something different comes out. The problem is the IRS is trying to play both sides of the fence. 1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV

BitCoinsLOL



Offline



Activity: 215

Merit: 100









Full MemberActivity: 215Merit: 100 Re: Is this a bicycle? ...or a car? April 02, 2014, 02:22:11 PM #19 Quote from: TKeenan on April 02, 2014, 06:26:47 AM



It has two wheels, it must be a bicycle - right? It has motor driven wheels, it must be a car?



Why have such a stupid argument? It is not a fucking bicycle nor a car. It is something new . Not a bicycle; not a car.



Why is the IRS trying to decide whether bitcoin is 'property' or 'currency'. It is not either. It is something new. It has new attributes never seen before. It needs new rules. Rules for property are totally inappropriate for bitcoin. Rules for currency are inappropriate too.



Cryptocurrency is a new thing - stop trying to decide whether it is a bicycle or a car. Let's start making new rules appropriate for this new thing.

It has two wheels, it must be acycle - right? It has motor driven wheels, it must be a car?Why have such a stupid argument? It is not a fucking bicycle nor a car. It is. Not a bicycle; not a car.Why is the IRS trying to decide whether bitcoin is 'property' or 'currency'. It is not either. It is something new. It has new attributes never seen before. It needs new rules. Rules for property are totally inappropriate for bitcoin. Rules for currency are inappropriate too.Cryptocurrency is a- stop trying to decide whether it is a bicycle or a car. Let's start making new rules appropriate for this new thing.

It's for lazy people It's for lazy people I never thought my life could be. Anything but catastrophe. But suddenly I begin to see. A "BIT" of good luck for me. Cause I've got a golden ticket!