The US Government’s Vendetta Against Bitcoin Is Unacceptable

The US Government’s Vendetta Against Bitcoin Is Unacceptable

American journalist and podcaster David Seaman posted a scathing critique of the IRS’s newly announced stance on Bitcoin earlier this week. The IRS has said it will be taxing Bitcoins, and any other digital currencies, as property. In his post on Medium, called “The US Government’s Vendetta Against Bitcoin is Unacceptable,” Seaman says Washington’s position is going to undercut America’s ability to innovate in the cryptocoin space, and some other countries are going to take the lead. “Miners are subject to the self-employment tax,” he writes. “Are you kidding me? Running a program on your....


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