IMO if money is produced ad infinitum, then people will mostly just want to sit and farm all day, and then want to get rid of the timecoins they earned from it due to the fact that the longer they hold onto bitcoins, the less valuable they become. The market will be full of people trying to get rid of coins, and nobody wanting to receive the coins. It will cause huge inflation problems.
I would be willing to pay taxes to the government, provided it is not terribly difficult to do. Please don't be offended if you do not believe in taxes, I do not want to turn this thread into a debate over whether or not taxes are good. My main point for asking was that I may decorate various bags/clothing with Lights and try to resell them for bitcoins.
I think of shares on the stock market. A given company may never sell more shares than a set amount, and their shares may become worth a lot more, but they can simply split the shares, meaning that people can buy fractions of shares, which are now of the same value as what the shares were worth before.
I would like to start selling things in exchange for bitcoins. The problem is that I live in California, and we have a sales tax here. I was wondering if anybody knew how to deal with that. (If the government doesn't yet recognize Bitcoins as currency, do I still have to pay taxes to them for sales that I make?)