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Author Topic: Can we have a "Digital Commodity" since BTC is a Digital Currency?  (Read 2123 times)
faidsaid
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May 01, 2012, 01:27:07 AM
 #21

If you work for McCool International, you are not allowed to give us your SSN or your real name. We operate on pseudonymns only. So, there will be no taxation. We have similar arrangements with our suppliers, and have a vertically integrated supply chain that is all operating pseudonymously without any reporting. Soon our inexepensive manufactured products will be available at black markets near you, and since we avoid all the bullshit middlemen and taxation we can certainly undercut the "lol abiding" (as we like to call them) competition.
Buzzwords detected, reading and comprehension threads forcibly aborted.
+1

“There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.”
― John Rogers
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May 01, 2012, 02:41:58 AM
 #22

If you work for McCool International, you are not allowed to give us your SSN or your real name. We operate on pseudonymns only. So, there will be no taxation. We have similar arrangements with our suppliers, and have a vertically integrated supply chain that is all operating pseudonymously without any reporting. Soon our inexepensive manufactured products will be available at black markets near you, and since we avoid all the bullshit middlemen and taxation we can certainly undercut the "lol abiding" (as we like to call them) competition.

The most pure form of capitalism.


Down!
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With ALL the things!
barbarousrelic
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May 01, 2012, 02:45:31 AM
 #23

The IRS does not tax "intangible religious benefits." Money donated to a church for which you are not compensated for in anything other than 'intangible religious benefits' is tax deductible.

So obviously the solution is to design a currency denominated in intangible religious benefits.

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
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May 01, 2012, 02:50:29 AM
 #24

The IRS does not tax "intangible religious benefits." Money donated to a church for which you are not compensated for in anything other than 'intangible religious benefits' is tax deductible.

So obviously the solution is to design a currency denominated in intangible religious benefits.
Prepaid sin cards, reloadable at the nearest place of worship?

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
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May 01, 2012, 03:49:09 AM
 #25

I would love to see a simple majority of U.S. Citizens for one year take their maximum exemptions on the W-4 and the next April they don’t send money but instead send a form letter simply stating, “Hey remember that No War For Oil thing – I meant it!”
That would give a whole new meaning to prison overcrowding. Trust the government to try it anyway.

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May 01, 2012, 11:46:24 AM
 #26

So obviously the solution is to design a currency denominated in intangible religious benefits.

Like Reddit Karma?
paraipan
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May 01, 2012, 11:51:03 AM
 #27

So obviously the solution is to design a currency denominated in intangible religious benefits.

Like Reddit Karma?

Yeah... bitkarma tokens, virtual holy protection against bad karma

BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
hazek
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May 01, 2012, 12:10:41 PM
 #28

I would love to see a simple majority of U.S. Citizens for one year take their maximum exemptions on the W-4 and the next April they don’t send money but instead send a form letter simply stating, “Hey remember that No War For Oil thing – I meant it!”

+1 I'd be willing to give up a lot to see this.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
Phinnaeus Gage
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May 02, 2012, 04:53:22 PM
 #29

The IRS does not tax "intangible religious benefits." Money donated to a church for which you are not compensated for in anything other than 'intangible religious benefits' is tax deductible.

So obviously the solution is to design a currency denominated in intangible religious benefits.
Prepaid sin cards, reloadable at the nearest place of worship?

I kowtow (WOTD) to the image below.

blablahblah
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May 02, 2012, 07:07:24 PM
 #30

So obviously the solution is to design a currency denominated in intangible religious benefits.

Like Reddit Karma?

Yeah... bitkarma tokens, virtual holy protection against bad karma

But I already get intangible spiritual benefits from my bitcoins. Don't you?

Satoshi is my god, and bitcointalk.org is my place of worship.

Although I suppose for it to be recognised as a "religion" we might need a pope and/or devil figure. Any suggestions? Krugman perhaps? Cheesy
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