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To: palmer

I’m not a detractor.

>>>>legal activities that are outside the purview of corporations and government. For example, someone can hire anyone they want for as little or as much as they can pay if that person is willing to provide a digital good.<<<<

And that sounds illegal on its face, i.e. to evade taxes, minimum wage laws, evading cash reporting laws, illegal gaming, avoiding political contribution reporting, supporting subversive activities from America to China, child pornography etc.

You take one, you take all. You kill one, you kill all. You design a system to subvert the laws of repressive regimes, it will be even more effective at subverting the laws of so-called free countries. But both will be just as eager to repress such systems for their own purposes and become equally intrusive. That is at the heart of the NSA issue.


27 posted on 03/09/2014 12:19:45 PM PDT by UnbelievingScumOnTheOtherSide (HELL, NO! BE UNGOVERNABLE!)
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To: UnbelievingScumOnTheOtherSide
And that sounds illegal on its face, i.e. to evade taxes, minimum wage laws, evading cash reporting laws, illegal gaming, avoiding political contribution reporting, supporting subversive activities from America to China, child pornography etc.

Wow, are you sure you are on the right forum? Minimum wage laws do mostly economic harm especially to those they pretend to help. Reporting political contributions recently produced government targeting of political groups.

It would be profoundly stupid for a terrorist to support terrorism using bitcoin unless it is strictly digital terrorism (which is a threat, but not a major one). As soon as a terrorist tries to turn bitcoin into fertilizer that will be instantly traceable back to the source.

Your only possible valid argument is that it would facilitate digital transactions for illegal digital goods (e.g. child porn). I'm not sure it will make it worse than it is currently since child porn is frequently traded for child porn and thus is even less traceable.

Basically you need to educate yourself about what bitcoin is and isn't and slough off the statist baggage like taxes are only possible if the state tracks all commerce. Many people declare and pay tax on income that the state does not and cannot track and that's the way it should be.

31 posted on 03/09/2014 12:30:56 PM PDT by palmer (There's someone in my lead but it's not me)
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