- From: David Nicol <davidnicol@gmail.com>
- Date: Mon, 15 Jun 2015 12:52:32 -0500
- To: Joseph Potvin <jpotvin@opman.ca>
- Cc: Web Payments IG Comments <public-webpayments-comments@w3.org>, Web Payments CG <public-webpayments@w3.org>
So if BTC are defined as NOT-TAX-EXEMPT-LEGAL-TENDER then they can't be used as a payment mechanism, only a barter mechanism, so barter rules would apply, whatever they are. It seems like compliance requires capable taxing hooks. The route I see contemplated here, of essentially showing up at this powwow as representatives as the delegation from the unrecognized nation of Bitcoinia, which happens to have its own currency, seems great for BTC as the specified go-between currency between the New and the Traditional, but what after that? Does Dogecoin need to get recognized too? Does a clear process for upgrading a bartered good to tax exempt legal tender status emerge? It seems to me that advising and reccommending is out-of-scope, and the better path would be to design taxation hooks which will be required for conformance with proposed standards, and research the requirements for those, so if the UK (or any other jurisdiction) wants to declare that BTC are exempt (but not Dogecoins) (or vice versa) they can. -- 8mm shafts with 5/16" 24 TPI threads
Received on Monday, 15 June 2015 17:53:08 UTC