×

Announcing: Slashdot Deals - Explore geek apps, games, gadgets and more. (what is this?)

Thank you!

We are sorry to see you leave - Beta is different and we value the time you took to try it out. Before you decide to go, please take a look at some value-adds for Beta and learn more about it. Thank you for reading Slashdot, and for making the site better!

Comments

top

US States Edge Toward Cryptocoin Regulation

TrustingFool Re:Standard Reporting is OK (172 comments)

Once you accept payment by a currency, YOU have accepted the risks inherent with same. The Venezuelan Bolivar has an official inflation rate of 60%. What you accept as payment may not have the same value by someone you want to pay. It is the same with digital currency. I'll pay you for an hour's worth of your time for 10 BitCoins. You may make that deal knowing you are taking advantage of me as your time is not worth that much. However, you just agreed with me (the other party) on a mutually accepted value. What you can or cannot do with those BitCoins and their future value should have been factored into your decision at the time of the initial transaction.

about 3 months ago
top

US States Edge Toward Cryptocoin Regulation

TrustingFool Standard Reporting is OK (172 comments)

Insurance and other "protections" are available through other forms of payment. Digital currency is valued at whatever two parties agree it to be. Standard reporting to the IRS on total amount received, total world-wide holdings and accumulated gains should be applicable.

about 3 months ago

Submissions

TrustingFool hasn't submitted any stories.

Journals

TrustingFool has no journal entries.

Slashdot Login

Need an Account?

Forgot your password?