Post
Topic
Board Bitcoin Discussion
Re: Canada Taxing Bitcoin Transactions
by
Hippie Tech
on 02/05/2013, 18:07:21 UTC
I'm excited to see how they're going to pull it off.  I mean, if it's a measly "You should do it", I see many issues springing up in the future; they may not know who's avoiding taxes, but they'll see clear as day taxes are being avoided.  Then they have fire power to campaign against the use of Bitcoin.

That's not the way our government works. They cannot outlaw bitcoin. We have the right to private property and there is a long standing coupon called "Canadian Tire Money" that is widely used. If you look at the development of Canada's banking and money you will see many private coupons. These were all legal.

"Canadian Tire Money" cannot be converted to Canadian $$$...
So it's not a currency... it's just a discount coupon.



Someone used to exchange tire money for bitcoin....

Thats b/c it is one of the first alt-currencies ever introduced.

If the gov't decides to clamp down on BTC, then they should also do the same and account for ALL the crappy tire money ever printed. The accounting nightmare, eg. millions of T-slips, should be enough to make them leave Bitcoin alone. lol