I've given some thought to the error of my ways in my first Newbie thread: Bitcoin as a savings account.
http://bitcointalk.org/index.php?topic=205597.msg2150004#msg2150004I've been accused of seeking help from this community only for the purpose of Tax Fraud. That was not my intent when I gave TMI or tl;dr, or however you youngster determine that stuff. My intent was simply to inform that my personal situation was one that prevented me from having a fiat savings account. And that Bitcoin looked like a way to ABIDE by the specific and highly subjective rules and laws of my situation. Two things were pointed out to me: 1. Bitcoin was too volatile and too "beta" to be used as a Savings account currency. 2. I must be trying to commit some kind of tax fraud that would the "downfall" of BTC. So, for those that think crypto-currencies, and all it's users, should be transparent and easily taxable; the usual solution(in my humble noob opinion) is a fork of BTC. One that would prevent "people like me" from causing the downfall of Bitcoin. I'm posting this tl;dr in Newbies because I think the idea that a noob like me could be part of the "downfall of bitcoin" MUST be a newbie one. Despite the fact that a few "oldbies" or "Hero" level users have accused me of these dastardly criminal intents!
So I propose an alternative digital coin with these features: The HonestInjunCoin aka HIC's!
1.Unencryptable. If HIC's can be encrypted, it can make it harder for the moral and upstanding enforcers of laws to track for tax purposes, unreported money transfers, etc., all the things that crypto-currencies make possible.
2. All confirmations of HIC movement must go through a USA agency, recorded to that secret NSA data storage facility, and reported to FinCen, the IRA, FBI, and any other 3 letter agencies with an interest in tracking our financial movements to make sure WE stay moral, upright citizens. This information should be made available to any other country's agencies to make sure ANY users of HIC's obey both U.S. AND any other tax or financial regulators that want to collect their fair share of revenue from users of digital currency.
3. It should only work in the next full update of Windows to Windows 9, so that Microsoft can make sure that the wallet, the miners, and everyone involved in use of HonestInjunCoin software and Apps pays all applicable transfer fees, steals from no-one ever without being caught, and PAYS THEIR DANG TAXES!!!
4. I'm sure the less newbish users of this forum can point out considerations I've left out of the Ideal altcoin for making digital online currency users acceptable citizens of their government.
5. (grin)