Its ironic that the same people who keep saying cryptocurrency has no underlying value, that its just a speculative bubble, are saying that profits from its increase in price should be aggressively taxed.
So if you're saying its a commodity (and therefore should be taxed), it has value (and has to be based on something).
But semantics aside, taxation is theft, even more so in this case - there's no justifiable reason to hand over a portion of the gains to a government that had no involvement in the creation of the source of revenue.
Please keep generic ideological tangents off HN. They lead to angry-samey discussion rather than thoughtful-curious. Fortunately that didn't happen in this case, but then not all sparks lead to wildfires, even in a dry forest.
No, not in the slightest.