So again, why is cash able to "coexist with nation state regulations and desires to control the currency", but bitcoin isn't?
It appears your argument is "I don't like the law." Good luck to you. Statute is clear on the topic. I have made my best effort attempt to educate.
https://www.ecfr.gov/current/title-26/chapter-I/subchapter-A... ("§ 1.6050I-1 Returns relating to cash in excess of $10,000 received in a trade or business.")
https://www.fincen.gov/resources/statutes-and-regulations/ba... ("Bank Secrecy Act")
> The Currency and Foreign Transactions Reporting Act of 1970, its amendments, and the other statutes relating to the subject matter of that Act, have come to be referred to as the Bank Secrecy Act (BSA). The BSA authorizes the Department of the Treasury to impose reporting and other requirements on financial institutions and other businesses to help detect and prevent money laundering. Specifically, the regulations implementing the BSA require financial institutions to, among other things, keep records of cash purchases of negotiable instruments, file reports of cash transactions exceeding $10,000 (daily aggregate amount), and to report suspicious activity that might signify money laundering, tax evasion, or other criminal activities. The BSA is sometimes referred to as an "anti-money laundering" (AML) law or jointly as “BSA/AML,” and is codified at 12 U.S.C. 1829b, 12 U.S.C. 1951-1960, 31 U.S.C. 5311-5314, 5316-5336, and includes notes thereto.
???
Read again:
> You mean cash? Bitcoin is no more or less illegal than cash. In either case, follow the laws, pay your taxes, and you'll be fine. I'd rather deal with the IRS directly than argue over the phone with a customer service representative from Chase.
It seems like you want to paint me as a criminal because I dared to use any currency other than USD, and then reported it on my taxes? If you're not able to engage with my questions directly instead of changing the subject, I'll assume you're not posting in HN's spirit of curiosity, and end the conversation here.