Post
Topic
Board Announcements (Altcoins)
Re: pre [ANN] Freicoin clone as tax payment system
by
WASPJoe
on 21/09/2014, 22:39:10 UTC
Taxes are bad, your coin is bad and you should feel bad.



Anyway, i think it's pretty cool that you are looking for a solution to problems that are faced every day (how to tax without discrimination).


Enjoying tax or not, we are all taxed (or tariffed in some countries). There is massive corruption in every single governing body and using demurrage solves the issue of taxation well. The only issue is that demurrage is taken off per block and not per time period which would possibly allow malicious users to hold off on mining the coin until their taxes are due and then slam the network to either get taxed less, or get their tax out of the way. (or to mess with someone else who is being taxed). Having proper blocktimes will be a huge factor in success. Merged mining would probably end up negating it, but for a while you may see



BTW, how are you doing charity applications etc? (singular foundation, one dev, centralized voting mechanism, decentralized voting mechanism)