Archive for the ‘news’ Category

Are bitcoins taxless?

July 21, 2011 2 comments

A recent posting on the turbo tax blog seems to give tax advice regarding bitcoins while trying to educate its readers on the the basic concepts of the digital currency.

Calling bitcoins “the taxless currency” and stating that “Bitcoins are produced without the involvement of governments or banks, thus avoiding taxes.”  turbo tax seems quite sure of themselves despite the fact many so-called bitcoin experts and the community at large cannot reach consensus on the taxable status of bitcoins or bitcoin transactions.

While the growing awareness for the fledgling currency is always a welcome sign, a conspicuous disregard for the basic facts at the turbotax blog should call into question their statements regarding the tax status of bitcoin. Read more…

Categories: bitcoin, news Tags: , ,

Corporate News Cover Bitcoin

July 19, 2011 Leave a comment

Quite a fair piece produced by CNN espousing several benefits of using bitcoin along with profiling a merchant in NYC who accepts bitcoin.


Categories: bitcoin, news

Great Episode on TWIS

July 17, 2011 Leave a comment

This is not a new episode, but rather just an enjoyable exchange regarding the ideas of bitcoin.  Also compared to many spots on bitcoin, it is of decent depth thanks to the length and format of the show.

Categories: bitcoin, news, Uncategorized Tags:

No such thing as bad publicity

July 16, 2011 Leave a comment

Hit piece or ignorance?

Timothy B Lee writes a myopic critique of a single feature of bitcoin while conspiciously ignoring the much more important and blatant features of the virtual currency.  Namely decentralization and controlled inflation. 

Categories: bitcoin, news, Uncategorized