Acton Institute Powerblog Archives

Post Tagged 'Virtual currency'

Bitcoin is (Nearly) All Dead

Earlier this year I declared that Bitcoin was (nearly) dead. But as The Princess Bride’s Miracle Max once explained, “There’s a big difference between mostly dead and all dead. Mostly dead is slightly alive. Continue Reading...

How the IRS Killed Bitcoin as a Currency

“For federal tax purposes, virtual currency is treated as property.” With those ten words, the IRS has made it more difficult — if not impossible — for bitcoin and other virtual currencies from gaining widespread, mainstream acceptance as a currency for commercial transactions. Continue Reading...