From: Mike Hearn <mike@plan99•net>
To: Melvin Carvalho <melvincarvalho@gmail•com>
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 13:33:50 +0200 [thread overview]
Message-ID: <CANEZrP35rLXThsNa3KDJh+D4S1c1TjJxCf8E1-8gEQPUKwFBUA@mail.gmail.com> (raw)
In-Reply-To: <CAKaEYhKctyTs+dEo6KV2pSCKxSGqN3+W33P7wo57SRaSVKRQgg@mail.gmail.com>
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This kind of thing is better discussed in the dev forum of bitcointalk.org
On Sun, Sep 29, 2013 at 11:46 AM, Melvin Carvalho
<melvincarvalho@gmail•com>wrote:
>
>
>
> 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
>>>
>>>
>>> ------------------------------------------------------------------------------
>>> 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
>>> _______________________________________________
>>> Bitcoin-development mailing list
>>> Bitcoin-development@lists•sourceforge.net
>>> 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
>> _______________________________________________
>> Bitcoin-development mailing list
>> Bitcoin-development@lists•sourceforge.net
>> 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
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development@lists•sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
>
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prev parent reply other threads:[~2013-09-29 11:33 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
2013-09-29 11:33 ` Mike Hearn [this message]
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