By the IRS's own definition, HIVE power or STEEM power etc are not taxable income. The definition for paying taxes on a virtual currency are to pay the dollar value of the currency when received, but also by definition, HP/SP/etc. have/has no dollar value and are not traded on any exchange. Once they are powered down they are 'converted' into something that has a dollar value and can be traded on an exchange. Therefore based on my understanding HP/SP is not taxable income.
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That is so crazy... and you can choose to covert rewards 100% into power so... sweet deal.
Bingo... been trying to do that on hive.blog for how long now... also perhaps LeoFinance should have that option?