You are viewing a single comment's thread from:

RE: Does Steemit Have A Copyright Problem?

in #dtube7 years ago

Really good questions and I'm happy to see you have an account working again on Steemit. I have the same questions about the way we're compensated here. Because cryptocurrency isn't officially "legal tender" then are we actually making "money" here? If so, when does it become money? So far I'm not selling any LTC for US$, so I'd have to say in that case it can't possibly be called "money" or "income" and would be exempt from taxes entirely. It's when the LTC is turned into $ or used to purchase a product priced in $ that things get tricky for me.

Sort:  

I mentioned the LTC because that's what I turn my SBD into as soon as I get it. Speaking of which, the Charlie Lee news today was pretty shocking.