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    Author Topic: How I would EMBRACE Bitcoin if I was a goverment  (Read 2865 times)

    • Rassah
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    August 02, 2011, 08:56:15 PM
     #21
    Quote from: spruce on August 02, 2011, 06:48:05 PM
    Quote from: Rassah on August 02, 2011, 06:42:10 PM

    Um, a 23% sales tax creates a HUGE incentive to avoid sales taxes. This will likely lead to black market trade skyrocketing. May end up costing more in regulation and policing as a result, if the government has any hopes of enforcing it (and you KNOW they'd want to enforce it)

    True. So do income tax rates in the same ball park. Do you know of any studies comparing the rates of tax evasion of the two?

    I admit, I do not, but I would suspect it is a lot easier to sell something under the table than to hire and pay someone under the table. Despite what all the "illegal alienz!!!" reports are saying.
    Reading further about this tax, I'm actually neutral about it. I don't understand it enough to know how much it will affect me should it be implemented, and don't think the effect will be significant.

  • Phinnaeus Gage (OP)
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    Bitcoin: An Idea Worth Spending


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    August 02, 2011, 09:35:31 PM
     #22
    Quote from: Matthew N. Wright on August 02, 2011, 07:46:22 PM
    Quote from: Phinnaeus Gage on August 02, 2011, 07:38:10 PM
    Overheard in the Situation Room:

    President Obama: How are we goin' to pay for this war we need in Iran, Generals?
    General 1: With Bitcoin.
    General 2: But you can't go on TV and walk down the aisle that has the red carpet and two gold chairs and tell the American people anything about Bitcoin.
    President Obama: What are Bitcoins?
    General 3: Just like that! Pretend you don't know anything about it. And it's Bitcoin, not Bitcoins, but it can be bitcoins.
    President Obama: Whatever. At least I can repay my dept to Caterpillar with all that mining equipment they get to build, not to mention helping the economy with all those rehires.
    General 1: Maybe we should start at the beginning.
    President Obama: Make it quick. I have a lunch date with this guy named Atlas who has this business plan...
    General 2: First off, about this Atlas guy...
    General 4, 5, 8 and 11:  Angry Angry Angry Roll Eyes

    Bitcoin: The Next Big Thing

    Rofls all around.

    In his defense, I am working with Atlas now to make his business plan into a reality. In hearing his ideas initially, it not only made perfect sense, I had already been working on something laterally similar here in Korea. What he was lacking was a little bit of experience in how to solve one of the major problems of the idea-- risk. That has been all but eliminated now through one of my ideas, so you can expect to see Atlas bragging about his successful idea here soon.  Smiley

    I'm glad you enjoy, and get, the humor. Please understand that I have nothing personal, or otherwise, against Atlas. You're aware that most every other forum have their own antagonist(s). I fully understand that some individuals may not be able to articulate their ideas in such a fashion to get their passion(s) or goal(s) across. Lucky for him, he now has an individual like yourself to further develop and manifest his project(s).

    Quick story: I have a friend who, when we're at the restaurant together, the other regulars have fun at our expense. Afterwards, my friends cries because the other guys are picking on him (he's 59), whereas I play along and enjoy the banter even to the point of adding to the conversation in such a way so that they can rib me some more (I'm 51). With that said, I want to state here that I like your personality.

    Bitcoin: Pass It On!

  • Rassah
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    August 03, 2011, 03:00:50 AM
     #23
    Quote from: Matthew N. Wright on August 02, 2011, 09:40:51 PM
    Quote from: Phinnaeus Gage on August 02, 2011, 09:35:31 PM
    I have a friend who, when we're at the restaurant together, the other regulars have fun at our expense. Afterwards, my friends cries because the other guys are picking on him (he's 59), whereas I play along and enjoy the banter even to the point of adding to the conversation in such a way so that they can rib me some more (I'm 51).

    This tells me that you're a man. There are not a lot of them in the world. Mostly just girls with dicks walking around with their jaws flapping, holding a mirror in one hand and a gun in the other. And being 51 doesn't mean anything to that statement (as your story shows). I was a man at 12 years old. If you like my personality now, you would have loved me then. ...wait, that sounded creepy.

    Must've been a burly, hairy twelve year old...

  • joepie91
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    August 03, 2011, 05:57:36 AM
     #24
    Quote from: Phinnaeus Gage on August 02, 2011, 07:32:33 AM
    Quote from: BidBitcoins on August 01, 2011, 06:20:40 PM
    A government thats not corrupt would embrace bitcoin naturally. A government full of corruption will only try to corrupt it.

    I'm going to ask a question here, even though I could possibly Google the answer. Are there any governments that are not corrupt? Or quasi-noncorrupt?
    I'd say Iceland? Norway maybe?
    Like my post(s)? 12TSXLa5Tu6ag4PNYCwKKSiZsaSCpAjzpu Smiley
    Quote from: hawks5999
    I just can't wait for fall/winter. My furnace never generated money for me before. I'll keep mining until my furnace is more profitable.

  • blogospheroid
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    August 03, 2011, 09:17:37 AM
     #25
    Hmm.. I can see a number of ways in which bitcoin the protocol, can be modified and used. The one with attaching all the tax information as it is used is one, but that essentially implies that the country assumes that everyone has an electronic device at hand. That is true of the developed world, but not of the developing world.

    For bitcoin the currency, acceptance of bitcoin for taxes/services/sales can help bitcoin as a currency. Storage of bitcoin as a forex reserve can help. All of these can generate more demand.

  • opticbit
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    August 03, 2011, 12:12:18 PM
     #26
    why is everyone thinking of ways to force people to pay taxes?  or even have a central government?  Why not a distributed decentralized business that takes care of things that a government does, monetize it.

    many government programs could be run by volunteers.

    there are many ways to monetize.

    other government programs could be set up to receive donations or sponsors- no donations project goes away.

    just need to work on the trust and corruption.

    I have an idea, but its not compleet yet.
    Bitrated user: opticbit.
    https://www.bitrated.com/opticbit

  • Rassah
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    August 03, 2011, 02:22:12 PM
     #27
    Quote from: opticbit on August 03, 2011, 12:12:18 PM
    why is everyone thinking of ways to force people to pay taxes?  or even have a central government?  Why not a distributed decentralized business that takes care of things that a government does, monetize it.

    Because the OP asked?
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