So, now that Mt. Gox has gone belly up and apparently decided to keep what they were holding, it seems that the best option for trading is a Chinese site ... yeah ... good luck with that. Maybe the Nigerians should jump in here to elevate the bit-coin cred.
This all goes back to the point I made earlier. Are you better off "investing" in bitcoin, or simply buying gold in World of Warcraft? Because in all practicality, the only difference between the two is that the gold will always provide some level of benefit if you play the game.
Bitcoin to be treated as taxable by the IRS and will be given stocks and barter treatment:
http://www.bizjournals.com/sanfrancisco/morning_call/2014/03/bitcoin-is-property-irs-rules.htmlThought this may be interesting to some.
this is what I thought the default was. are currencies treated differently (i.e. are not considered property like usd would be)?