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phillipsjk

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    phillipsjk got a reaction from Prometheus in VAT or no VAT?   
    I think part of the goal of bitcoin was to be deliberately confusing in that way.
     
    If the govenrment wants to impose strong Money-Service-Business regulation on Bitcoin use, claim it is a commodity.
     
    If the government wants to claim VAT, claim it is a currency.
     
    Of course, now in the US different branches of the government have started choosing those same contradictory interpretations when it suites their purposes. (IRS: commodity; Fincen: Currency)
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