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

[Melvin Carvalho]

On 29 September 2013 04:28, Neil Fincham <neil at 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 at 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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