I think the whole idea of a RULING is LAUGHABLE! The IRS doesn't RULE over US!They need to abide by and run by LAWS and There is no Law that declares Bitcoin PROPERTY! And the IRS HAS NO POWER TO MAKE LAWS! It has to run through the system The house of representatives and Congress and most of all us THE PEOPLE!!!!They can't just make up NEW Tax laws on a whim
They are grasping at straws for anyone dumb enough to declare their Bitcoin as Property!Whats next everyone has too declare their Computers as Property and pay a EXTRA yearly tax for owning a simple computer?Computers are going to need Registration Numbers and Certs for your asic or graphic card like a Car or House? Businesses use computers to make money everyday and there's no such thing where they have to pay extra for the technology and a miner is a just a simple complex computer when you break it down. They going to start taxing video game gold too? Is games like WOW and Everquest and Diablo or any VIRTUAL WORLD for that matter going to become TAXED PRoPERTy...... then what Clothing? Comic Books..... ,Coin collections? Paintings just for hanging on the wall? Your suppose to what CREATE MONEY YOU NEVER HAD TO BEGIN WITH ?Their the only ones who can do that lol if you mine x amount of bitcoins and dont have any money and NEVER SELL FOR FIAT? How are you suppose to now JUST CREATE the supposed money owed ?They cant make you that is RIDICULOUS there saying NOTHING IS TRULY YOURS! and we just RENT IT! because they will take it away the only thing they can take away is DOLLARs that are so worthless and have to backed up by government to have value otherwise it's a worthless piece of paper! Whats the point of owning anything when they will just tax you away for infinity until they can take it when you stop paying! and apparently was never yours too begin with. When it can be taking from you and they can't take the Bitcoin away and once you drop using the dollar they LOSE THEIR POWER they know it and are SCARED OF IT!
The key is just NEVER SELL YOUR BITCOIN FOR FIAT or ever SELL ON A EXCHANGE once you trade for FIAT well then you just set your self up for them to ask for their share since they own the US dollar lol But BITCOIn has no CENTRAL AUTHORITY and was built with ANONYMITY FOR THIS VERY REASON!But once you SELL on a EXCHANGE That is ALL GONE! All you PUMPER AND DUMPERS ARE SCREWED NOW and will probably get what you deserved LOL THE IRS HAS NO JURISDICTION to TAX A WORLDWIDE FOREIGN CURRENCY that's like them say they will tax all GOLD IN existance no matter where it is!and like Gold they can't TAX IT UNLESS YOU SELL FOR FIAT no matter where it is! They say it's property? I say show me THE LAW that says so? PROVE IT!Show us the law that says BITCOIN DECLARED PROPERTY ? and us the people approved it?When was this LAW PUT UP FOR A VOTE? NEVER!
Because we all know its a CURRENCY and they don't want to say it!a RULING MEANS JACK SHIT! JUDGES MAKE RULINGS not IRS without something put into LAW and WRITING and going through Congress and the PEOPLE having a say? they have no leg to stand on! That may very well change in time as they try and be the WORLD POLICE but when it all comes too it they don't have the MAN POWER nor RESOURCES to MAKE ANYTHING ever STICK!Unless your funneling major Money in your Bank account and then well you just screwed yourself............
People just give the Gov way way too much Credit ! Most of their Power is just a ILLUSION instilled with FEAR in our MINDS on what might happen?when that's all it is is a big might backed by NOTHING!! much like the U.S DOLLAR lol Next thing you know they are going to tax us for jerking off because they are worth bank deposits