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That's a good point about taxes. I wonder how the tax structures of the future will evolve if cryptocurrencies reach full swing. It could be reasonable to expec
by wyc 9y ago
That's a good point about taxes. I wonder how the tax structures of the future will evolve if cryptocurrencies reach full swing. It could be reasonable to expect elaborate tariff systems that skim off the channels bridging wet and dry worlds[0]. With what we have today, there is already slightly less to tax[1], and with the ideas of today, there could be even less. You can't siphon tax if it's not in the contract code.
[0] https://unenumerated.blogspot.com/2006/11/wet-code-and-dry.html https://unenumerated.blogspot.com/2006/11/wet-code-and-dry.h...
[1] http://fortune.com/2017/03/19/irs-bitcoin-lawsuit/ http://fortune.com/2017/03/19/irs-bitcoin-lawsuit/