bitcoin

Juan Garofalo juan.g71 at gmail.com
Sun Jan 26 16:22:51 PST 2014



--On Sunday, January 26, 2014 2:22 PM -0500 dan at geer.org wrote:

> 
>  | Obvious solutions:
>  | 
>  | * declare BTC to be presumptively evidence of drug dealing or trading
> CP  | - possession of weakly-related artefacts being declared as
> sufficient  | evidence has, IIRC, been ruled legal in NY in the case of a
> law which  | made possession by a woman of multiple condoms evidence of
> prostitution.  | * require BTC holdings to be declared to the tax
> authorities, and make  | explicit that whatever the local tax on
> investment holdings applies to  | BTC (I think the current question is
> not whether growth in value of BTC  | is taxable but what kind of
> investment it should be taxed as).  | * snarl up BTC exchanges with the
> same reporting requirements as normal  | banks and trading houses, even
> though the much smaller scale will make  | that extremely difficult to
> comply with.
>  | * rule that BTC miners are engaging in banking by building up the
> record  | in the block chain, and make them all responsible for reporting
> the  | transactions they process
> 
> 
> We have proof by demonstration of item #2 in the Commodity Futures
> Exchange Commission driving prediction markets like Intrade and
> Banc de Binary out of business.
> 
> [Those of us who see a regulation as a tax-by-another-name are thus
> again reminded that the power to tax is the power to destroy.]


	The power to tax is the power to destroy the enemies of the Free
Democratic Judeo-Christian Western Culture and Civilization. 

	Without the power to tax, the government would lack the means to destroy
the enemies of Free World.


	




> 
> --dan
> 
>  





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