IRS Decision Looms Large Over Future of Bitcoin

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 (Cameron Spencer/Getty Images)

The Internal Revenue Service weighed in last week to say that the online currency Bitcoin should be treated as property, not like money. The decision pits those who favor more regulation against those who want a more freewheeling market for Bitcoin. We discuss what it means for Bitcoin owners, investment firms, startups and the market for cryptocurrency.


Robert McMillan, senior writer at WIRED magazine who frequently writes about cryptocurrencies

Nicholas Weaver, senior researcher in networking and security at the International Computer Science Institute at UC Berkeley.

Patrick Murck, general counsel, the Bitcoin Foundation