Why to stack reason number 8,743 just dropped.
By the way the US government says "Bitcoin is property, not money".
Why Bitcoin? Why self-custody?
“The U.S. Department of Justice (DOJ) argued that confiscating $50,000 from a small business did not infringe the business' right to private property because money is not property.”
https://reason.com/2025/01/31/the-government-says-money-isnt-property-so-it-can-take-yours/
Discussion
For tax purposes, but what about for constitutional purposes? Do they draw a distinction? This is from the linked court document in that article. Interesting how they argue that money isn’t property for constitutional purposes. Sounds completely asinine.
Of course they say that bitcoin is property.. you pay capital gains on property (that you sell). US$s are NOT property so you can't take a tax loss due to devaluation...
The sickness is deep. 😉