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PostPosted: Wed Aug 02, 2017 1:28 pm 
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Bitcoin, a digital currency worth $43 billion USD, is in uncharted and potentially risky territory after a split created two versions on Tuesday: the original bitcoin that's existed since 2008, and the new Bitcoin Cash, which aims to be a more populist alternative.

https://motherboard.vice.com/en_us/arti ... has-forked


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PostPosted: Wed Aug 02, 2017 3:47 pm 
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Interesting. There are a couple Bitcoin ATM 's in Boulder of all places. I like the idea of a currency that is free from government tampering.

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PostPosted: Fri Aug 04, 2017 8:51 am 
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I don't know if it is all that free from government...ah the good ol IRS has taken notice. Show me your transactions!

http://fortune.com/2016/11/20/irs-bitco ... sion-case/

"Internal Revenue Service is seeking the personal data of all U.S. Coinbase users who transacted between 2013 and 2015."

"The legal and tax status of Bitcoin has been a question mark since nearly its inception. One major early uncertainty was whether Bitcoin would be treated as a currency or as property for tax purposes. Many Bitcoin supporters argued that it should be treated as a currency, potentially simplifying their tax situation.

But in 2014, the IRS declared virtual currency would be taxed as property, and affirmed standard reporting requirements for any payments made with it."


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