Mr.Insightful: ontariolightning: Why is it asinine? This was inevitable. And necessary.Because libertarians believe that if you close your eyes, stick your fingers in your ears, and go "la la la la la", then government goes away.Oh, except for all the roads, schools, and bridges that happen automatically somehow, or could be done better if someone held a monopoly on it, and could charge whatever they wanted.
ontariolightning: Why is it asinine? This was inevitable. And necessary.
Lawyers With Nukes: Serfs, this is just a friendly little reminder that we can control anything and anyone at any time, if we should so choose.There is no escaping the tax farms we've setup for you, what you call "nations".In fact most of you are so dependent on us, you'll attack each other to make sure everyone stays in their little pens.So please, stop with the Bitcoin nonsense. We control everything. We control your money. We control value itself.Regards,LWN, Your Elected Representatives
Dr Dreidel: The Stealth Hippopotamus: But your time is converted to gold and items those items have a real world value, so what is stopping Uncle Sam from taking a share of that?!Just in case I'm accused of threadjacking: I'm just wondering how we'll keep the genie in the bottle when it comes to other computer based currenciesWhen you sell stuff, you're supposed to pay taxes on that sale (depending on locale - though the Feds always want theirs. You still would pay taxes on the income earned from the sale to the Feds). Buying WOWgold (or Melthazaringrad's +2 CHR Sword of Bug-Slicing or whatever) is just like buying bananas in that sense.BitCoins aren't goods (and you'd basically have to repudiate the entire history and raison d'etre of BitCoins to make that argument) - they're currency. The only law needed in this case is to make sure they're covered by existing laws covering currency markets.// I don't think you're 'jacking// NTTAWWT
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