From: Melvin Carvalho <melvincarvalho@gmail•com>
To: Neil Fincham <neil@asdf•co.nz>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] smart contracts -- possible use case? yes or no?
Date: Sun, 29 Sep 2013 11:46:48 +0200 [thread overview]
Message-ID: <CAKaEYhKctyTs+dEo6KV2pSCKxSGqN3+W33P7wo57SRaSVKRQgg@mail.gmail.com> (raw)
In-Reply-To: <CAH+ZByHs00+Cpx5bwybgV3G9=CBfHaHKg7AV9ytywKNAjFVM6g@mail.gmail.com>
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On 29 September 2013 04:28, Neil Fincham <neil@asdf•co.nz> wrote:
> I subscribe to this list so I can keep up-to date with bitcoin
> development, can we keep philosophy and tax evasion out of it?
>
Hi Neil, perhaps I didnt present the use case clearly. It was not about
evasion, it was about voluntary donations going to the correct place, being
verified by an oracle. I dont wish to stray off topic, so I'll leave it at
that.
>
> Neil
>
>
> On 29 September 2013 09:15, <rob.golding@astutium•com> wrote:
>
>> > But the regulatory environment in many geographical regions in
>> > uncertain. Do we need to pay capital gains? Do we need to pay a
>> > sales taxs etc. etc.
>>
>> In most regions it's not only 'simple' but trivial - BTC is just
>> 'another currency' and accounted for exactly the same way - it doens't
>> matter if you sell your hose for GBP, USD, EUR, BTC or sacks of Pig
>> Dung, you still have a GBP tax issue ...
>>
>> > So my idea is to voluntarily pre empt legislation by giving donations
>> > to govt (aka taxation) for bitcoin service providers.
>>
>> You want to volunteer to pay tax ? I'd suggest stronger medication ...
>>
>> > However, there is something of a problem with voluntary donations.
>> > Most people are not satisfied with the way they are spent.
>>
>> 80% of 'donations' end up spent on 'adminsitration' and not what they
>> were donated for, this is a 'greed' issue not a 'currency' issue.
>>
>> > In the UK
>> > a recent survey said that only 18% of people thought that tax money
>> > was wisely spent.
>>
>> Tax isn't voluntary or a donation. The 18% who think UK tax is well
>> spent are the 18% of the population who get the tax money, not the 82%
>> that pay it ;)
>>
>> > Can we fix it?
>>
>> First we kill all the politicians ...
>>
>> > So let's say I run a business and I make 1 million euros. I wish to
>> > donate 10% of my profits to society. But let's say I dont want that
>> > money to go to wars of aggression, but rather, to the fire
>> > de[department.
>>
>> So give it to the FD - what you do with your post-tax profits are up to
>> you ;)
>>
>> > At this point everyone wins. The business person is happy to make a
>> > contribution. The govt. is happy that it gets more revenue. The
>> > fire dept. is happy that it has revenue to do its work. And
>> > everything has gone to the right place in a kind of democratic way.
>>
>> Where does gov't come into this ? I think you're confusing 'tax' which
>> you have zero control over and 'donations' which you already have 100%
>> control over.
>>
>> Rob
>>
>>
>> ------------------------------------------------------------------------------
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>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>
>
>
>
> ------------------------------------------------------------------------------
> October Webinars: Code for Performance
> Free Intel webinars can help you accelerate application performance.
> Explore tips for MPI, OpenMP, advanced profiling, and more. Get the most
> from
> the latest Intel processors and coprocessors. See abstracts and register >
> http://pubads.g.doubleclick.net/gampad/clk?id=60133471&iu=/4140/ostg.clktrk
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>
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next prev parent reply other threads:[~2013-09-29 9:46 UTC|newest]
Thread overview: 12+ messages / expand[flat|nested] mbox.gz Atom feed top
2013-09-27 23:41 Melvin Carvalho
2013-09-28 20:15 ` rob.golding
2013-09-29 2:28 ` Neil Fincham
2013-09-29 8:32 ` Gavin Andresen
2013-09-29 9:37 ` Adam Back
2013-09-29 17:49 ` Mark Friedenbach
2013-10-01 14:26 ` [Bitcoin-development] homomorphic coin value (validatable but encrypted) (Re: smart contracts -- possible use case? yes or no?) Adam Back
2013-10-01 19:11 ` Adam Back
2013-10-07 19:01 ` Adam Back
2013-09-29 9:44 ` [Bitcoin-development] smart contracts -- possible use case? yes or no? Melvin Carvalho
2013-09-29 9:46 ` Melvin Carvalho [this message]
2013-09-29 11:33 ` Mike Hearn
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