At 2:00 AM 11/30/95, Dr. Dimitri Vulis wrote:

iagoldbe@csclub.uwaterloo.ca (Ian Goldberg) writes:

...

So; is there a problem with the implementation outlined above?

What about the income tax on winnings?

That's a good one! A bit subtle as humor, though. (For many of us, even most of us, the whole _attraction_ of such gambling schemes--to the extent any gambling scheme can ever be attractive to a rational person--is the tax avoidance. And any scheme that allows taxation of winnings, but not losses on individual bets, would kill this proposal dead.) --Tim May Views here are not the views of my Internet Service Provider or Government. ---------:---------:---------:---------:---------:---------:---------:---- Timothy C. May | Crypto Anarchy: encryption, digital money, tcmay@got.net 408-728-0152 | anonymous networks, digital pseudonyms, zero Corralitos, CA | knowledge, reputations, information markets, Higher Power: 2^756839 | black markets, collapse of governments. "National borders are just speed bumps on the information superhighway."