Jun 112014
 
Politicians Begin to Accept and (Attempt to) Regulate Bitcoin

The FEC recently issued an opinion that opened the door for candidates and committees to begin accepting bitcoin. An article by CoinDesk.com highlights a few of the candidates who have begun accepting the alternative currency. One such candidate is Steve Stockman, who last month introduced legislation to overturn the IRS decision that bitcoin is property. Stockman’s bill, the “Virtual Currency Tax Reform Act,” would define “Virtual currency” as “a digital representation of value that functions […]

Nov 202013
 
Bitcoin Goes to Mordor

Mordor, affectionately known as Washington D.C., appears to have taken an interest in bitcoin lately. With the price rising rapidly over the past few weeks, sociopaths under the title of “senators” held meetings this week on what to do about this strange, new digital currency. They asked all of the vital questions: How would they tax it? Why would anyone want to use it when there’s the perfectly good dollar still around? Are they tools […]