Naomi Brockwell: Does Bitcoin's Fungibility Mean Paying More Taxes?

  • Friday, 11 January 2019 19:14
Naomi Brockwell: Does Bitcoin's Fungibility Mean Paying More Taxes? © Naomi Brockwell
All currencies work as if the tokens of money in circulation are interchangeable with one another. This fungibility means a dollar is always worth another dollar. Bitcoin is no different. However, money can also act like a unique and discrete asset. A coin’s rarity, age, or its easiness to spend can gain or lose it additional value. These opposing sides come into conflict when capital gains tax is applied to a sale of a coin and how a seller must pay a percent of the profits to the government. In this video, I explain how if tax laws assess bitcoin as fungible it could mean paying higher taxes than if it’s a commodity. If you liked this video, please subscribe! Please visit my page on, which is like patreon (and superchat) for crypto! HUGE thank you to all my AMAZING BitBacker AND Patreon supporters! And a GIANT thank you to my sponsors: Nelly's Organics ( Decentranet ( HardFork Entertainment ( Fort Galt ( Horizen [formerly Zencash] ( (Horizen telegram: Thanks for watching!! Leave a comment below and come say hi to me on: Twitter (@NaomiBrockwell) Steemit ( Telegram ( Bitchute ( Podcast: Songs: Freenauts - Third Party Girl BTC: 37xcH3CgPUZNHDnhsihcZprHDdSD2ST8m1 BCH: bitcoincash:qrvq77guzjajf549g727dastmxrf2jsgjsl34rjfg8 Dash: XwdzPHwqVnCpJAnqJHEzxrJyPcBTCGLA2T Zcash (ZEC): t1efmA8uL5AZtrA1C4EBet8kE65zPPnj9eV ETH: 0x7603d2c5C00266D5d155a651840eaa22aef590dA

Additional Info

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.

Our main goal is to make crypto grow by making news and information more accessible for the masses.