NODE 22912f75Re: How far is to far?
George A. Gleason <gg@well.sf.ca.us>Sat, 21 Nov 92 02:24:11 PST
Miron writes,
"Charge for the mix services with crypto money. The crypto money could be
some networking service..."
Only problem is, once we start anything like a formal barter system, it
comes under the IRS. The way to avoid that is to keep it a volunteer
organisation with an expectation of time commitment to projects or to
payment of membership dues. Not-for-profit organisations are of course
regulated in a minimal way (think of your local Model Railroad Club), but
the accounting isn't as strict and the membership transactions don't have to
be reported in detail.
-gg
NODE 9ed762c7Re: How far is to far?
miron@extropia.wimsey.com (Miron Cuperman)Wed, 25 Nov 92 02:54:15 PST
gg@well.sf.ca.us (George A. Gleason) writes:
>Miron writes,
>"Charge for the mix services with crypto money. The crypto money could be
>some networking service..."
>Only problem is, once we start anything like a formal barter system, it
>comes under the IRS. The way to avoid that is to keep it a volunteer
How do you think the IRS is going to trace those banks and customers
behind all the anon mixes?
--
Miron Cuperman <miron@extropia.wimsey.com> | NeXTmail/mime ok
<miron@cs.sfu.ca> | Public key avail
AMIX: MCuperman |
immortalcybercomputinglaissezfaire |
NODE b76a31a6How far is to far?
Eric Hughes <hughes@soda.berkeley.edu>Wed, 25 Nov 92 15:58:26 PST
Miron writes:
>How do you think the IRS is going to trace those banks and customers
>behind all the anon mixes?
Easy. This one, though, is not in the crypto literature to my knowledge.
Attack by regulation.
Not, mind you, that it will be enforceable without a bn on
cryptography in general.
Eric