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Bitcoin is tangible or intangible

Written by Bella Oct 10, 2021 · 7 min read
Bitcoin is tangible or intangible

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In its notice the IRS said bitcoin would be treated much like stock or other intangible property. The notice provides that virtual currency is treated. Bitcoin has no inherent value whatsoever. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin. IMO Bitcoin itself is an intangible asset.

Bitcoin Is Tangible Or Intangible. But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. In its notice the IRS said bitcoin would be treated much like stock or other intangible property.


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Commodities however are generally tangible consumable goods. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. It does not represent a claim on either tangible or intangible. It is not accepted as legal tender by any government. But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset. In its notice the IRS said bitcoin would be treated much like stock or other intangible property.

In its notice the IRS said bitcoin would be treated much like stock or other intangible property.

It is not accepted as legal tender by any government. It is not backed by any assets. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. It is not accepted as legal tender by any government. But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset. IMO Bitcoin itself is an intangible asset.


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If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset. It is not backed by any assets. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin. Commodities however are generally tangible consumable goods.

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The notice provides that virtual currency is treated. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities. It is not backed by any assets. It does not represent a claim on either tangible or intangible. Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets.

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Outside of the US the treatment of digital assets varies substantially. Outside of the US the treatment of digital assets varies substantially. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin. Commodities however are generally tangible consumable goods. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities.

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Bitcoin has no inherent value whatsoever. Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. IMO Bitcoin itself is an intangible asset. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin. It is not backed by any assets.

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In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin. Commodities however are generally tangible consumable goods. Bitcoin has no inherent value whatsoever. Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. It does not represent a claim on either tangible or intangible.

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In its notice the IRS said bitcoin would be treated much like stock or other intangible property. It is not backed by any assets. Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. Outside of the US the treatment of digital assets varies substantially. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin.

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IMO Bitcoin itself is an intangible asset. IMO Bitcoin itself is an intangible asset. Commodities however are generally tangible consumable goods. It does not represent a claim on either tangible or intangible. It is not accepted as legal tender by any government.

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Bitcoin has no inherent value whatsoever. In its notice the IRS said bitcoin would be treated much like stock or other intangible property. Outside of the US the treatment of digital assets varies substantially. It does not represent a claim on either tangible or intangible. If bitcoins are not legal interests but are nevertheless traded for profit perhaps they are commodities.

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It does not represent a claim on either tangible or intangible. Outside of the US the treatment of digital assets varies substantially. It does not represent a claim on either tangible or intangible. Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. It is not backed by any assets.

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It does not represent a claim on either tangible or intangible. Bitcoin has no inherent value whatsoever. Outside of the US the treatment of digital assets varies substantially. It does not represent a claim on either tangible or intangible. In its notice the IRS said bitcoin would be treated much like stock or other intangible property.

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It is not accepted as legal tender by any government. Accounting under International Financial Reporting Standards IFRS may similarly view digital assets like bitcoin as intangible assets. But the network itself as a distributed computer network with nodes operating on it all around the world is a tangible asset. In contrast bitcoins are intangible and as a general matter they have no use other than as a bitcoin. It does not represent a claim on either tangible or intangible.

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