)Thx!
http://www.nber.org/papers/w20126#navDiv=6
Topic: [2014 - 05 - 21] HARVARD ECONOMICS PROFESSOR MAKES THE CASE FOR BITCOIN - page 2. (Read 2213 times)
May 21, 2014, 11:06:06 PM
Can someone from a .gov, or a supposed "2nd or 3rd world" country (lol at some of the countries on there) grab the article and post it here? There's a $5 paywall otherwise (if it was BTC, I'd pay! )
Thx!
http://www.nber.org/papers/w20126#navDiv=6
)Thx!
http://www.nber.org/papers/w20126#navDiv=6
May 21, 2014, 10:42:49 PM
This HARVARD ECONOMICS PROFESSOR is real smart. I'm surprised they didn't give him a nobel prize yet.
May 21, 2014, 08:08:06 PM
Quote
Do you have a link?
Fixed, thank you. I was too busy bragging about my own self
May 21, 2014, 07:27:40 PM
http://cryptocrimson.com/2014/05/harvard-economics-professor-makes-case-bitcoin/
I wonder if he read my post at Reddit last month:
1. With Bitcoin as the major tax pool it is ultimately Bitcoin consensus that governs.
2. Bitcoin government will be project based. Bloating won't exist as projects reach end of life after returning dividends to sponsors and participants of the network.
- just dreaming.
Quote
According to Rogoff, another plus for digital currency is that it could actually increase tax revenue, based on the notion that without cash, the government could finally track transactions, elimination the potential for tax evasion. While critics of digital currencies like bitcoin say it promotes misuse and illegal conduct, Rogoff says that it has the potential to do just the opposite, meaning that with increased tracking, illicit operations would no longer be possible.
I wonder if he read my post at Reddit last month:
Quote
If bitcoin proves to be the most efficient means of collecting taxes ever, there should be many benefits to efficiency never before realized. Eliminating the fraud, maybe all of a sudden it makes sense to not collect tax on food, fuel and charity for example. Once bitcoin becomes the most reliable reporter of income, IRS suddenly dumps big business and wall street accounting for the new sweetheart, bitcoin. http://www.reddit.com/r/Bitcoin/comments/21c9fe/irs_declares_bitcoin_as_property_not_currency/cgbvkkw
1. With Bitcoin as the major tax pool it is ultimately Bitcoin consensus that governs.
2. Bitcoin government will be project based. Bloating won't exist as projects reach end of life after returning dividends to sponsors and participants of the network.
- just dreaming.
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