by Mike ‘Mish’ Shedlock
In a recent article, Peter Schiff blasted Bitgold as being a “Secret Taxation Time Bomb“.
Schiff laid out improbable strawman arguments based on tax consequences that as a practical matter do not exist in the real world.
Ironically, his tax arguments would equally apply to “SchiffGold” purchases.
Usability and ownership are the heart of the matter, not taxes. Let’s start our discussion there.