Re: Bitcoin, etc.
WE ACCEPT BITCOIN
all of these little folks (as well as the very big folks) on CraigsList, etc. are so screwed when they have to account for many BTC transactions and if they made or lost on not only their wares, but also the BTC profit or loss.
Accounting nightmare. Risk is huge.
LIFO or FIFO? Mark to market?
IRS is going to make some serious coin with this charade.
At least, you could actually hold a tulip......