In 2013. He pled guilty to wire fraud in 2012. Can FinCEN/IRS retroactively determine something (like tradable skins in a game) is property and prosecute people over it?
If you can own it, it is property; if people are paying money, or exchanging goods or services with value, for it, it is valuable property. Enforcement agencies publishing a ruling or opinion as go what kind of property it is (and isn’t) isn’t what makes it property.
If you find a bug in a multiplayer FPS (let's say d-pad rocking to allow you to wall-climb or something) that gives you a competitive advantage, and you use that competitive advantage to best players and win their assets in combat, can you be arrested for fraud/theft?
That's why I emphasized always. The laws and precedents saying that anything that quacks like property is taxable property are decades old so they predate Bitcoin. In 2013 the government just said "Remember these laws from decades ago? No? They apply to you."
dragonwriter|3 years ago
pcthrowaway|3 years ago
wmf|3 years ago
adventured|3 years ago
He pled guilty on Nov 4 2022, the wire fraud occurred in 2012.
tedunangst|3 years ago