So those who say paid say $700AUS for one bit coin not so long ago now have a purchasing power of $484US , but no they wont use it as they will wait till it goes back over what they paid for it which may be never. There was one winner in that transaction the broker who made $34.40
4.9% commission to buy bitcoins is a bit too much imo. If you pay by credit/debit card you pay no commission and you get your money back if the merchant sells you a dodgy product or service, unlike bitcoins where you get no protection.
US decides to tax bitcoin as property, IRS says bitcoins not currency , all transactions would be taxed as ordinary income or as assets subject to capital gains taxes, depending on the circumstance. Not a good outcome for acceptance imo.
