Re: [Bitcoin-development] smart contracts -- possible use case? yes or no?

[Mike Hearn <mike@plan99.net>]

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This kind of thing is better discussed in the dev forum of bitcointalk.org


On Sun, Sep 29, 2013 at 11:46 AM, Melvin Carvalho
<melvincarvalho@gmail.com>wrote:

>
>
>
> On 29 September 2013 04:28, Neil Fincham <neil@asdf.co.nz> wrote:
>
>> I subscribe to this list so I can keep up-to date with bitcoin
>> development, can we keep philosophy and tax evasion out of it?
>>
>
> Hi Neil, perhaps I didnt present the use case clearly.  It was not about
> evasion, it was about voluntary donations going to the correct place, being
> verified by an oracle.  I dont wish to stray off topic, so I'll leave it at
> that.
>
>
>>
>> Neil
>>
>>
>> On 29 September 2013 09:15, <rob.golding@astutium.com> wrote:
>>
>>> > But the regulatory environment in many geographical regions in
>>> > uncertain.   Do we need to pay capital gains?   Do we need to pay a
>>> > sales taxs etc. etc.
>>>
>>> In most regions it's not only 'simple' but trivial - BTC is just
>>> 'another currency' and accounted for exactly the same way - it doens't
>>> matter if you sell your hose for GBP, USD, EUR, BTC or sacks of Pig
>>> Dung, you still have a GBP tax issue ...
>>>
>>> > So my idea is to voluntarily pre empt legislation by giving donations
>>> > to govt (aka taxation) for bitcoin service providers.
>>>
>>> You want to volunteer to pay tax ? I'd suggest stronger medication ...
>>>
>>> > However, there is something of a problem with voluntary donations.
>>> > Most people are not satisfied with the way they are spent.
>>>
>>> 80% of 'donations' end up spent on 'adminsitration' and not what they
>>> were donated for, this is a 'greed' issue not a 'currency' issue.
>>>
>>> > In the UK
>>> > a recent survey said that only 18% of people thought that tax money
>>> > was wisely spent.
>>>
>>> Tax isn't voluntary or a donation. The 18% who think UK tax is well
>>> spent are the 18% of the population who get the tax money, not the 82%
>>> that pay it ;)
>>>
>>> > Can we fix it?
>>>
>>> First we kill all the politicians ...
>>>
>>> > So let's say I run a business and I make 1 million euros.  I wish to
>>> > donate 10% of my profits to society.  But let's say I dont want that
>>> > money to go to wars of aggression, but rather, to the fire
>>> > de[department.
>>>
>>> So give it to the FD - what you do with your post-tax profits are up to
>>> you ;)
>>>
>>> > At this point everyone wins.  The business person is happy to make a
>>> > contribution.  The govt. is happy that it gets more revenue.  The
>>> > fire dept. is happy that it has revenue to do its work.  And
>>> > everything has gone to the right place in a kind of democratic way.
>>>
>>> Where does gov't come into this ? I think you're confusing 'tax' which
>>> you have zero control over and 'donations' which you already have 100%
>>> control over.
>>>
>>> Rob
>>>
>>>
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>>
>>
>>
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>
>
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> from
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