From rushkoff@gmail.com Fri Jul 6 02:33:54 2018 From: Douglas Rushkoff To: cypherpunks-legacy@lists.cpunks.org Subject: Re: [P2P-F] Bitcoin @ EFF Date: Fri, 06 Jul 2018 02:33:54 +0000 Message-ID: <172289267372.3881296.2594584552724438715.generated@mail.pglaf.org> MIME-Version: 1.0 Content-Type: multipart/mixed; boundary="===============3514130809421988630==" --===============3514130809421988630== Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: quoted-printable Fascinating. Sounds like he got the same attack that Paypal did in the early = days, when the banks went after the company for earning its profit on the "fl= oat."=20 The thing that could bring Bitcoin to its knees in the US is the tax law. Ult= imately, the network operator would be responsible for tax reporting when peo= ple are making exchanges of value and not using cash. I found all this out wh= ile working with the Superfluid guys. If I administrate trades for you like = ebay does, in US currency, I'm not obligated to produce 1099's. If I don't do= the value exchange in dollars, I must report the dollar equivalency to the I= RS.=20 This law has yet to be enforced, but it surely would be if any of these curre= ncies scaled up.=20 On Jan 23, 2011, at 11:59 AM, magius wrote: > Bitcoin and Opencoin are "sons" of David Chaum's Digicash both. Chaum > is one of the most important cryptographers and freedom fighters in > the world and invented in the eighties the first digital cash, that > was refused, attacked and destroyed by credit card companies > societies, that instead wanted to propagate a model not based on > anonimity. The big difference between them is that Bitcoin is a > complete currency system instead Opencoin is the system to make a > currency (a digital mint). Bitcoin you need to use as-it-is, with > Opencoin instead you can create your own currency system. >=20 > _______________________________________________ > P2P Foundation - Mailing list > http://www.p2pfoundation.net > https://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation _______________________________________________ P2P Foundation - Mailing list http://www.p2pfoundation.net https://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation ----- End forwarded message ----- --=20 Eugen* Leitl leitl http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com http://postbiota.org 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE --===============3514130809421988630==--