Roger Ver: If IRS is Trying to Tax Bitcoin, That Seems Like Acceptance

admin IRS, Politics, Taxes, USA, World Politics 0 Comments

In a reaction to the U.S. government’s renewed commitment to tax Bitcoin transactions, the owner of Bitcoin.com, Roger Ver, says that while he’s not a fan of taxes and the IRS, he thinks it is a strong sign Bitcoin has come to stay, and governments are coming to terms with that. Mainstream adoption While the crypto entrepreneur doesn’t agree that taxing is good for the community, he affirms that it is an indication of mainstream adoption. He explains: “It is a sign of progress towards mainstream adoption, and with that adoption, Bitcoin will bring many positive changes to the world.” Whether taxing Bitcoin transactions is feasible, is another issue that immediately comes to mind when looking at the nature of the virtual currency and its anonymity. When Cointelegraph asked Roger if cryptocurrencies could be taxed accurately, he had this to say: “I think cryptocurrencies will bring a whole new meaning to the term “voluntary compliance.” No amount of threats of violence from the IRS can solve a math problem.” Tax is theft Roger holds the conviction that tax is theft and is paternalistic in its nature. He quotes Lysander Spooner: “If taxation without consent is not robbery, then any band …

Roger Ver and OKCoin at War Over Bitcoin.com Domain Name

admin Bitcoin, Bitcoin 2.0, Bitcoin News, Bitcoin Politics, Opinion 0 Comments

One of the most recognizable bitcoin-related domain names is at the heart of a dispute between Chinese bitcoin exchange OKCoin and bitcoin entrepreneur Roger Ver. The issue stems from the management of theBitcoin.com domain, after the two sides struck a five-year deal last December to control the property. Under the agreement, OKCoin was set to redesign the site and pay Ver a percentage of the revenue generated each month, with a minimum of $10,000 per month. The latest developments, which have seen Ver accuse OKCoin of fabricating legal documents and the exchange in turn alleging that Ver is intentionally seeking to smear its name, come after months of increasingly antagonistic back-and-forth over the direction of the site and the advertising plans that were supposed to drive the effort. OKCoin has released an official statement on the dispute, stating it would no longer manage the domain name. The company cited a recent action taken by the US Financial Crimes Enforcement Network (FinCEN) against Ripple Labs, which referenced Ver in its agreement with Ripple earlier this month, as its chief justification for stopping payments related to Bitcoin.com. OKCoin also characterized the agreement regarding the domain as invalid because the entity named in the …