US taxes on cryptoassets, a philosophy.

In the US cryptoassets are being taxed as property, as far as I understand it. This is not a property, it is in no way different from fiat at its most basic core and should be treated as such, in the same way that forex markets are being treated. I realize that beyond the most basic, things are dramatically different between the two, and far more complicated on the crypto side, but I see a way in which those complications are absorbed into a cohesive similarity. The opportunities it affords us are far more valuable than fiat and that's why those of us who have an inkling of an idea of what that is are jumping on board so hard and so fast that were this a ship to the new world the momentum alone would carry us half way there. We have faith in the underlying principles in each of these currencies we choose to use, that they would provide us an edge in the world to come. We know that our futures depend upon the currencies that we choose put our collective weight on.

This is the very same argument for fiat. This is the exact same strength as fiat. The paper dollar that I hold in my hand has no intrinsic value to me of its own accord. Its value to me is entirely based on the faith I have in my government's ability to succeed. If I have no hope in the government then I have no hope in the US dollar and I should go put whatever value-by-consensus that the dollar currently has into some intrinsically valuable commodity, like the gold standard of standards: GOLD. A standard that has become THE standard by which we judge any other standard, because gold is, always has been, and always will be valuable to some end or another. It is useful in making jewelry beautiful, it is useful in making technology useful (to be replaced by the successful mass manufacture of graphene and other carbon based wonder materials) and when it is no longer useful in technology it will still be useful in jewelry AND we'll have crazier awesome tech to make new and improved designs with that gold that we never could do before.

Just like a cryptocurrency's value being based on the usefulness of the structure it enables, so to a fiat currency, and just as virtual. Actually more seeing as how we use a centralized banking system.

The whole things is taken up by the double appreciation of both valuer and valued. Meaning not only is a cryptocurrency issued value by consensus but also as usefulness in the framework of the system it was developed for. For in the given instance: Gnosis, which is one I am particularly hopeful for, there is no real value to it as a currency alone. But in the ecosystem of currencies it has a value that is given as a price of some other value or currency system, it could be the fiat, or it could be another crypto, so that in turn gives it value. The other end of the spectrum is that it is given value (through this given ecosystem) with its ability, by its adopters, to provide a service of computing at a large sum. So in reality it is not a property but only a token of unused potential in either an ecosystem of other values, or in its usefulness for the particular paradigm for which it was born of computing in large sums, which in turn give it its value in relations to the related ecosystems at large. All of which meaning that the computing power made available by the willing adopters is given a token of potentiality whose value is made meaningful by being placed in relation with other tokens of potentiality including and not limited to the US Dollar. Who's value is made meaningful, and backed by the US government and all the statements made within.