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Author Topic: The 4 forms of Digital Property and how to monetize all of them  (Read 41 times)
ir.hn
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December 14, 2017, 03:33:50 AM
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Here is a paper about the four forms of digital property, where bitcoin fits in, and ideas for monetizing the other forms of digital property including digital Assets, digital Commodities, and digital Collectibles.  The important thing about digital property is it is quite hard to censor or tax, as we know and love.  Lets create methods to monetize all of them, not just currencies!

https://web.archive.org/web/20171214033046/http://www.naturehackerproducts.com/2017/12/the-future-is-digital-property-dp.html

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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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December 14, 2017, 09:02:35 AM
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whereas the idea of avoiding tax is highly attractive, the consequences are often overlooked.
On the one hand side it is a criminal act, so taking the risk of trusting crypto code and going one day (years later) into prison should not come as a surprise.
What I think is even more important: countries, where people pay regular taxes, have proper infrastructures, which make life easy (see Switzerland, Germany, Austria...). Compare this to countries where people have a faible for not paying taxes. You will find, that their egoism is to the disadvantage of the community. And this creates unbalanced distribution of wealth, where jealousy and envy create a layer of low-level criminality, which then increases to the next layer(s). Looking at third world countries, or BRIC countries, or even the US (probably the most funny example in this enumeration): in principle a very rich country, but the country with the highest amount of people in prison per inhabitants. What a huge problem!
Yup, thinking about tax avoidance is a difficult matter, and bearing the consequences of a short level egoistic thinking might have disadvantages.
ir.hn
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December 14, 2017, 12:02:59 PM
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What's important to me is freedom, and digital property is difficult to censor or take away or in any way control by governments.  Governments use violence to enforce their will but violence works best in the physical, not digital, realm.

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