Only if your competitor is outside of the physical jurisdiction enforcing the taint.
This may however be a good argument against implementing taint in any particular country - as it provides incentive for people to use foreign merchants, thus harming the local economy!

If however, the control-points  are things like supermarkets which have captive local consumers - it's unfortunately not going to be enough to stop it.

Anyway.. the likely implementation would be that the merchant accepts them, but applies the prescribed tax and asks for a further small payment before you walk out of the store.

First off, I would have reamed you a new asshole if you had posted this announcement on Reddit first, but it looks like that's not the case.

Second, for marketing purposes, I wouldn't (have) name it Ellet, for if one wants to learn more about this excellent device, Google results will have it buried below the fold (About 2,120,000 results). Elletia is not even a good choice: About 19,500 results. Hell, even Atlas could have accidentally done better, for Woolong Device is currently at about 182 results.

This post is in way dissing the team behind Ellet or the product itself, but damn it guys, let's at least get the name (w)right for marketing purposes alone.

~Bruno~

All we need to do is to try to live while using each others' services directly, without the participation of outside agents such as the dollar, and everything will be smooth sailing.

Interesting and a subject dear to my heart.  Probably the prices should be below 30 bitcents as we have moved away from the stable $5 prices.

"A Warning Against Using Taint"

I recognized that the taint was already there, kind of like that article about anonymity.  Since I felt that bitcoin thefts decrease its value, I wanted to make thefts less profitable for the thieves, so I proposed using the taint to accomplish this.  It seems that most people who replied are afraid that bitcoin users will make too many decisions based on taint.  I don't think they would (see the replies), but too many others do, so I'll stop defending the proposal.

Is there anything else I should do?

Because it would help with dividend reinvestment. If I understand correctly now I have to go and look for and add up security X dividends, then security A dividends and manually reinvest them.

It'd be easier to have a wallet for each, if you understand what I mean. Just reinvestment the amount that is available in the respective wallet.

Of course easiest would be if the whole process could be automated. And the cherry on top would be if partial share buys via dividend reinvestment would be possible.

It works in the "real world", don't see a reason why not with BTC.

What are the top poker site using bitcoins, ? enlighten me please

An interesting question. I figured as much until now, but what if you actually have proof of delivery which might well be the case? Will VISA just charge back anyway? How often can you chargeback until you're marked as fraudster and your account closed with VISA/Mastercard?

In other words, when you look at the previous addresses through which the coin(s) came to you, it would make sense for the blacklist to stop when it hits a MtGox address.  So getting your BC from MtGox or another another assumed-reputable - let's say "whitelisted" - address prevents the report from showing it as tainted.  It's a good argument for having a whitelist too.

The fact that coin passed through an MtGox account in the past gives MtGox some ability to earn any reward offered by victims, but I haven't found any reward offered by victims.  Has anyone?

If you found out that a chain of transactions that didn't include any MtGox (or other well-known) addresses preceded your receipt of bitcoin started with one of the addresses used in a heist and the victim of that heist was offering rewards, would you just ignore it, talk to your counterparty, or report it to get a reward?  Would the size of the reward matter?

+1

That's such a good idea I'm going to make it part of my new wallet format in Armory.  This kind of thing happens infrequently, but enough.

Although, Armory has the advantage that you usually have a paper backup which is unencrypted.  When you forget your passphrase, you only need to restore your wallet from the sheet of paper.

A big problem with tracking 'taint' is that it quickly gets everywhere.  MtGox mixes most of the coins they receive into a few large value addresses, so once they've accepted tainted coins you're getting tainted coins pretty much every time you withdraw from them.

In order for gambling to have good return for players, the house will have to lose! Beside, I don't see how adding a gambling service add much to the bitcoin economy.