Re: Digital money and the GST
On Mon, Jun 19, 2000 at 08:15:13AM +1000, [EMAIL PROTECTED] uttered: > Mediated bater being, i do work for you and get > X units of currency credited to my account and then i take my X units and > purchase something from another participant, but of course no actual legal > tender changes hands, you get the idea. Barter and other LETS (Local Economic Trading Systems) are subject to GST. It's the passing of _value_ down the chain that is subject to the tax. Now your average "three chickens for this truckload of potatos" barter is going to be hard for the tax man to track down. Mediated barter systems, however, rely on an auditable paper trail. I presume (IANAA) the way they'd tax these systems would be for an estimate of the cash value of the transaction to be made and then tax that. Since most LETS work on a comparison with cash value for simplicity, this shouldn't be so hard to work out and hence would be hard to fudge. > Does this sound like a feasible or implementable idea ?? Any suggestions > for furthur reading material so that i could get a better grasp of the > topic ?? Shoot me down in flames for not having a clue perhaps ?? www.digicash.com -- Rev Simon Rumble Opinions expressed in this email may [EMAIL PROTECTED] not reflect those of the host brain. http://www.rumble.net
Re: jolly roger
isn't it considered entrapment? maybe i'm unclear on the entrapment thing --snipped-- > Personally, I think they ought to be tracked down and dealt with more > directly. Cops who solicit illegalities need to be dealt with directly. > > But that's just my opinion. I think it should just be considered entrapment and made unusable in court. That would end the problem right there.
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Digital money and the GST
Hi all, For those of you not in australia we currently have a government that is attempting to introduce a goods and servies tax (similar to VAT in britian and Sales tax in the states). There is obviosuly some reservations to this among people in australia, particularly give the government has made such a shocking balls-up of the whole thing, the new tax system being only marginally simpler than high-energy nuclear physics. So anyway onto the point of this message. There are a number of non-cash economies locally in australia that work in a small community on a mediated barter system. Mediated bater being, i do work for you and get X units of currency credited to my account and then i take my X units and purchase something from another participant, but of course no actual legal tender changes hands, you get the idea. Now an economy like this would seem to be safe from the GST in oz becasue there is no sales actually happening. So I got to thinking that a system like this might work well, particularly over the internet with some sort of digitally signed money, that is both trust worthy and anonymous. It leaves less of a paper trail and you can run the "economy" over a larger area. The system would be a sort of cashless buyers group ? Does this sound like a feasible or implementable idea ?? Any suggestions for furthur reading material so that i could get a better grasp of the topic ?? Shoot me down in flames for not having a clue perhaps ?? Jason
Re: filters CPUNK RTFM
There was talk about sending an automated email out to posters that do not include CPUNK in their subject line. This message would be best handled by the listserv. But if I understand correctly you can join a moderated list instead of this one if you want to increase the signal to noise ratio. Latre, BMG On Sat, Jun 17, 2000 at 04:27:52PM -0700, Bill Stewart wrote: > At 04:42 AM 6/16/00 -0700, Kurth Bemis wrote: > >can we place a filter to reject all incoming messages that dont have CPUNK > >or CPUNKS or something in the subject? > >Kurth Bemis - Senior Linux Network/Systems Administrator, USAExpress.net > > You don't have to make the listbots reject those messages - > you can make your mail reader reject them and they won't bother you. > According to your email headers, you're using Eudora as your mail sender; > probably you're also using it as a mail reader. It's got filters - > RTFM on how to use them. > > Of course, _your_ message didn't have CPUNK in the header, > so people who follow this practice won't be bothered by it :-) > > > Thanks! > Bill > Bill Stewart, [EMAIL PROTECTED] > PGP Fingerprint D454 E202 CBC8 40BF 3C85 B884 0ABE 4639 -- __O| Information wants to be free! | __OBike _-\<,_ | FreeBSD:The Power to Serve (easily) | _-\<,_to (_)/ (_) | OpenBSD:The Power to Serve (securely) | (_)/ (_) Work
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My Latest InternetWeek Rant
--- begin forwarded text Date: Sun, 18 Jun 2000 09:46:13 -0400 To: [EMAIL PROTECTED] From: "Bill Frezza ([EMAIL PROTECTED])" <[EMAIL PROTECTED]> Subject: My Latest InternetWeek Rant Bob, OK, my latest InternetWeek op-ed on HavenCo just went up on the web. It will run in the paper issue tomorrow. Thanks for your help researching this. Please feel free to pass the attached around to your cypherpunk friends, and ask them to keep in touch. The original can be found at: http://www.internetwk.com/columns00/frezz061900.htm Regards, Bill __ Bill Frezza, General Partner Adams Capital Management 668 Stoney Hill Rd., Suite 155 Yardley, PA 19067 Phone: 215-321-0929 Email: [EMAIL PROTECTED] Web: www.acm.com --- Achieving Economic Privacy One Data Haven At A Time by Bill Frezza Copyright InternetWeek June 19, 2000 I recently had the pleasure of attending an offshore Internet conference on the island of Nevis, in the Eastern Caribbean, called "Lex Cybernetoria II: Voluntary Rule of Law in a Transnational Medium." The conference attracted a fascinating mix of radical scholars and propeller-head geeks -- including a famous supply-side economist from the Reagan administration; a bevy of world-class financial cryptologists; the director of offshore gaming from Antigua; a Slovenian Web entrepreneur; a member of Iceland's Parliament; the chairman of the Internet Bearer Underwriting Corp.; and the founders of what amounts to the first central bank of cyberspace, who, when they are not busy organizing conferences in exotic places, are quietly issuing gold-backed digital currency. What made this group different from the think-tank ideologues I've met over the years was not their philosophical defense of free enterprise or their conviction that the Internet will inevitably halt the pervasive invasion of privacy that makes systematic government economic intrusion possible. What distinguished them was the fact that they were actually doing something about it with their day jobs. While there was little agreement over which technical approach might best hasten the day when individuals and corporations could securely transact business with neither support nor interference from national sovereigns, their belief that the market would provide solutions through Darwinian trial and error was unanimous. The privacy market took an extraordinary jump with the official launch of HavenCo this month (www.havenco.com), the first carrier-class, Internet data haven. Founded on an abandoned World War II anti-aircraft platform six miles off the British coast, this self-proclaimed independent territory will soon be hosting anonymous data storage and transaction services on tamper-resistant and cryptographically secured servers a mere 3 milliseconds away from London. Using satellite, microwave and fiber route diversity, blending their traffic with other commercial users to raise the political cost of interdiction, HavenCo will be the closest place on earth to a completely free, unregulated and untaxed data market. For added protection from tort lawyers and machine-gun-toting bureaucrats, HavenCo will not have clear-text access to the encrypted contents of its customer's traffic, whose prepaid accounts do not have to be linked to real-world identities. This means that even when the black helicopters one day arrive to confiscate HavenCo's equipment on some anti-money laundering/terrorist/pornography pretext, customer information will not be compromised. It sounds wacky. But it's another step along a technology road map that will inevitably enable the separation of economy and state, much like the American Revolution achieved the separation of church and state. HavenCo will temporarily rely on jurisdictional diversity, with additional data havens planned for small countries hospitable to unfettered capitalism, allowing the company to stay in business even if one of its havens goes dark. But true political independence can only be achieved when operations such as HavenCo can be hosted across the street from the White House. For a suitable architecture, one needs to delve into the quirky realm of the Cypherpunks. While only a design concept today, technology will someday allow the organic growth of a completely distributed system wherein encrypted data is striped across multiple hosting centers, similar to a RAID disk farm, such that no one facility stores enough information to reconstruct anything of value and multiple facilities can be simultaneously compromised without loss of data. Imagine a sea of servers connected by broadband Internet connections across the globe with terabytes of storage and gigaflops of processing power in aggregate, each server operated as in independent for-profit business, some by multinational corporations and some by teenagers in their basement. How will these server operators get paid, since th
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