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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