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Comment by lectrick | Hacker News Reader

If your argument is that I'd have to convert bitcoin to dollars in order to pay taxes, that's a nonargument. I am sure they would take Bitcoin directly if pressed. Just ask the FBI, who is now in possession of the largest bitcoin cache on the planet... I suppose you think they're just going to erase all of them because, you know, they're not "backed" by anything?

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>If your argument is that I'd have to convert bitcoin to dollars in order to pay taxes, that's a nonargument.

It's not a 'nonargument'. It's true, and very relevant.

>I am sure they would take Bitcoin directly if pressed.

That's speculation. You have no reason to believe they'd accept bitcoin. As of right now, they do not. That's all we have to go on.

>Just ask the FBI, who is now in possession of the largest bitcoin cache on the planet... I suppose you think they're just going to erase all of them because, you know, they're not "backed" by anything?

Is there a reason for making this absurd strawman? Where has anyone ever suggested that people should erase their bitcoins because they're not backed by anything?

The FBI is doing what it always does - it's auctioning them off. They might sell for a $1, they might sell for $1000. But they're not being given any special status beyond "appears to be a product people buy".

If they'd seized a bunch of legal movies or video game licenses they'd also do that.

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