Published on March 15, 2014
A FEW THINGS CURIOUS CONSUMERS SHOULD BE LEARNING ABOUT BITCOIN What you find out about Bitcoin could inspire Bitcoin Luv
DO I HAVE TO TRAVEL FAR TO SPEND BITCOIN? Actually, you can shop with them at… Walmart Target Kohls Overstock.com eBay Amazon Etsy Vendors …. And More
GUESS WHERE YOU CAN SPEND BITCOIN?
ANY SECRETS SHOULD I KNOW ABOUT BITCOIN? "Bitcoin is a virtual currency tailor-made for online retailing which means it’s tailor-made for Amazon.com.” …Gene Marks, Forbes Bitcoin has a growing list of retailers: Overstock.com, Virgin Galactic,Tesla Motors,OKCupid,Reddit,Kohls,Target,Walmart, The Pirate Bay, Zynga, PayPal,Tiger Direct, eBay, Amazon, Wordpress, EZTV, 4Chan.org, Lumfile, Reddit, OKCupid, Shopify…
DO COMSUMERS HAVE ACCESS TO BITCOIN?
WHAT DO THE FEDS SAY ABOUT BITCOIN? According to Forbes, “Since many Bitcoin transactions are essentially bartering, the IRS can be expected to draw from its Bartering Tax Center. Soon the IRS may have a Bitcoin Center too. The Treasury unit called FinCEN, the Financial Crimes Enforcement Network, already has rules about Bitcoin and the IRS is likely to follow.“ According to Homeland Security Committee Chairman Tom Carper, D- Del. “Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others and confused the heck out of many of us," Carper said. "Fundamental questions remain about what a virtual currency actually is, how it should be treated and what the future holds.“ Bloomberg reports, "The Department of Justice said Bitcoins can be “legal means of exchange” at a U.S. Senate committee hearing, boosting prospects for wider acceptance of the virtual currency.“We all recognize that virtual currencies, in and of themselves, are not illegal,” Mythili Raman, acting assistant attorney general at the Justice Department’s criminal division, said at the hearing."
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