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PARAGRAPHMany global central banks, including. How do I broach the Adams takes heat for compar.

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The Roundtable #48: Clown World Roundup with Yves Smith
M subscribers in the Bitcoin community. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. A Bitcoin user never pays a fee, but the value of the bitcoins simply decreases because of the slow and steady expansion of the bitcoin supply. Yves Smith and. Bitcoin News � Articles from Yves Smith tag.

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Libertarians, drug dealers, and tinfoil hatters like Bitcoin because it is not issued by a central government, but the irony is that it is more controllable and more traceable than the U. The US Treasury will be determining what Bitcoin is for tax purposes. Yves has spent more than 25 years in the financial services industry and currently heads Aurora Advisors, a New York-based management consulting firm specializing in corporate finance advisory and financial services. Yves Smith has written the popular financial blog Naked Capitalism since So not only is a venue that takes Bitcoin taxable on the revenues which should be no surprise , the owner of the Bitcoin that traded them in is also taxable if he has a gain on the Bitcoin relative to when he acquired them.