Quote from: muffinman1552 on April 27, 2018, 04:54:13 PM

Quote from: muffinman1552 on April 27, 2018, 09:11:34 AM

How would a moderate American business declare a taxable windfall through an acceptance of a digital asset? This is a basic question that needs a very simple answer.
As well. if I accept a three dollar payment of Lite Coin, how is that stored? Is it accepted by the vendor as GRFT, LTC, $USA$ or whatever currency the vendor decides? This is important because the mechanism that transfigures these factors on a very concurrent basis is absolutely vital to the foundation of this market as an asset of it's own. This particular project could be the gateway to a better place of trade.

Honestly, we need all of this information from the point of sale available for every transaction with an anonymous ticker that's since been encrypted with a fixed sales number attached in order to appropriate records. Basically, the buyer can remain an anonymous account on our records and untraceable to any out-lying records or incoming ticker of any kind. What is important is market values involved at the point of sale.

time stamps ( as for record of transactions ) for business operation are also not important. While it could be painstakingly ascertained from video and transaction records recorded at a place of business as well as market data involved in order to put time and dates on transactions, what is most important are the values involved.