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<p>[QUOTE=&quot;yakpoo, post: 6564930, member: 18157&quot;]I had bought some Liberty Dollars just before Bernard von Nothaus had his assets seized. At the time, I was collecting Leper Colony coins <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie5" alt=":confused:" unselectable="on" unselectable="on" /> but pivoted to &quot;coins&quot; likely to become obsolete/illegal. Bitcoin fell into that category. At the time, I thought for sure the Treasury Dept was gonna shut it down like they did poor Bernard&#039;s Liberty Dollar. I bought bitcoin like it was any other token. Who knew? I liked them for their colorful seals.</p><p><br /></p><p>In 2013, new production of physical Bitcoins was made illegal. As people &quot;unload&quot; (spend) their physical Bitcoins, the population is sure to dwindle. I have no idea how many &quot;loaded&quot; bitcoins are left, but I imagine the population will continue to decrease as the price of Bitcoin rises.</p><p><br /></p><p>The current problem with Bitcoin is that it&#039;s not a currency, it&#039;s a commodity (like gold) in the eyes of the IRS. As far as I know, each Bitcoin transaction is a reportable, taxable event. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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