[golover721]

This seems like a positive for the legitimization of cryptocurrency. Of course if you were trying to use it to avoid paying taxes you may feel otherwise. Hopefully it leads better forms and adoption by exchanges to provide useful tax documents.

[the-dude]

Be careful what you wish for.

[fragileone]

Except the SEC is trying to classify all blockchain products as securities, which massives harms onboarding for people who want to try these fringe creative new apps.

[BitwiseFool]

If "Legitimate" means having to comply with all these regulations and decisions from unelected bureaucrats, then I prefer fringe and bizarre.

[mrzimmerman]

You only have to comply if you’re a US citizen or doing business as a US entity, in which case they are not unelected or are appointed by elected officials.

Unfortunately for your tastes of fringe and buzzard society and people in it at large prefer stability and regular growth. I like a bit of both. We need the fringe and buzzard for society to grow and change, and as a parent and home owner I like to know that society is stable and that I’m not in danger of losing everything some how.

Anyway, not an easy balance but such is living in a society.

[UncleMeat]

I always found the derogatory use of “unelected bureaucrats” hilarious. Who elected the btc core devs?

[tluyben2]

This is what I feel; becoming more normal. Sure a lot of people don't want to report it; don't think those people will start now anyway.

[x3n0ph3n3]

I think we should all be incredulous that any of this is "normal."