Published on: 2013-09-29T17:49:00+00:00
In a discussion on the bitcoin-dev mailing list, the topic of external audits of customer accounts without revealing private data is raised. It is suggested that this could be useful beyond taxation. Examples of anonymity in taxation, such as with certain types of investments in Swiss banks, are mentioned. The idea of applying similar methods to Bitcoin is proposed, and it is recommended to discuss this topic on the Bitcoin Talk forum.Another discussion on the Bitcoin development mailing list revolves around taxation and donations. The focus is on voluntary donations going to the correct place and being verified by an oracle. The uncertainty of regulatory environments in different regions and the need to pay capital gains and sales taxes are discussed. The issue of how donations are spent, with 80% going towards administration rather than their intended purpose, is raised. Suggestions are made to fix this issue so that everyone benefits, including the business person who wishes to contribute, the government that receives more revenue, and the fire department that can use the funds for its work. Different viewpoints on donating directly to specific causes or paying taxes are presented.In another email thread, Neil Fincham expresses his desire to keep philosophy and tax evasion out of discussions related to Bitcoin development. Gavin Andresen agrees and suggests focusing on technical issues that can be solved through writing code. The conversation centers around a use case and whether it is technically feasible using smart contracts. Information about October webinars on Code for Performance is shared as well.The Bitcoin protocol and code are noted to have centralized risks or choke points that could undermine its peer-to-peer nature. Technical solutions, such as advanced cryptography and byzantine networking argument, are suggested to address these issues. The preference is to focus on ideas that have reached the stage of having a BIP, while early-stage speculative ideas can be discussed on bitcointalk.org's technical thread. The acceptance of significantly anonymous taxation in some cases is mentioned, and the possibility of similar methods for Bitcoin is proposed. The importance of keeping the mailing list for technical discussions related to writing code is emphasized.Overall, the discussions on the mailing lists revolve around taxation, donations, regulatory environments, and the dissatisfaction with how funds are typically spent. Different perspectives on voluntary donations, direct contributions to specific causes, and the use of smart contracts are presented. The desire to keep the focus on technical issues related to Bitcoin development is also highlighted.
Updated on: 2023-08-01T05:56:16.440574+00:00