Hey Steemit Fans. A federal judge compared Bitcoin to beanie babies, it happened. It was an example of how Bitcoin is a commodity and not currency. The case was related to a money laundering case where someone supposedly tried to buy drugs using bitcoin and was caught by a federal agent. the judge threw the case out for now, because there was no money and apparently no drugs. Although there will likely be more to this case in the future, it is very interesting to think if the court actually rules crypto currency/blockchain currency is not money. If this ruling stands, does this mean I have to claim taxes on anything else I own that develops a value. I cant go around buying goods and services with beanie babies, so it seems a bit silly to me. In my new video I explain my thoughts on the subject as well as include a list thanks to 99Bitcoins as to who currently accepts Bitcoin.
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