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Topic: Bitcoin London Conference 2012 - page 2. (Read 3717 times)

legendary
Activity: 945
Merit: 1003
July 18, 2012, 06:44:19 PM
#16
Destroy the myth of a deflationary price spiral.

Yes please do. I just ran in to an 'economist' on a bus while wearing a bitcoin shirt and had to listen to him explain that Bitcoin would fail because bitcoins would be too valuable (which would make them worthless, doh).


Yup -  I've even had an argument (okay - a one-way argument) with Krugman on this:
http://seekingalpha.com/instablog/530678-minorman/214527-paul-krugman-s-take-on-bitcoin
donator
Activity: 544
Merit: 500
July 18, 2012, 05:18:52 PM
#15
primarily because its a little more controversial and you will get critical questions Smiley afaik some bitcoiners oppose taxes heavily.
No worries, I oppose taxes too. But I get your point.

my questions are: [imagine me now putting my european-socialist hat on]
could bitcoin due to its transparency improve tax collection fairness in an all-bitcoin world?
could entity de-anonymisation be used to enfore a progressive wealth tax?
what kind of transactions will be taxable
could there be more automation maybe? something like a government-run API "sendmany" or TX fee to settle VAT instantly?
how many tax collectors could we fire once the government gets more efficient?
Ok, this is handled partially by macro and partially by competition topics, but probably wouldn't go onto that much detail in the talk.
legendary
Activity: 1246
Merit: 1016
Strength in numbers
July 18, 2012, 05:04:04 PM
#14
Destroy the myth of a deflationary price spiral.

Yes please do. I just ran in to an 'economist' on a bus while wearing a bitcoin shirt and had to listen to him explain that Bitcoin would fail because bitcoins would be too valuable (which would make them worthless, doh).

legendary
Activity: 910
Merit: 1001
Revolutionizing Brokerage of Personal Data
July 18, 2012, 04:45:48 PM
#13
could bitcoin due to its transparency improve tax collection fairness in an all-bitcoin world?
could entity de-anonymisation be used to enfore a progressive wealth tax?

what kind of transactions will be taxable
could there be more automation maybe? something like a government-run API "sendmany" or TX fee to settle VAT instantly?
how many tax collectors could we fire once the government gets more efficient?

These questions appear a bit too speculative for my taste - not that I wouldn't like to discuss such things but they more or less all have the premise that Bitcoin is already legal tender. Since this premise is extremely unlikely in the near to medium term future I think we cannot say much about how a state and its tax-system could possibly look like then (there's simply too many uncertainties involved concerning how exactly we got there).

What the economic discussion around Bitcoin needs IMHO is to address some immediate practical issues:
- status of the regulatory process concerning Bitcoin
- tax issues, possible loophole concerning VAT
- the case for/against Bitcoin as digital service vs. Bitcoin as currency
- best practices of dealing with Bitcoin in the books
- legal status of Bitcoin exchanges

Sure, such a talk would not raise that many controversies, but it would be extremely useful for any company wanting to deal with Bitcoin. But of course some more high-level economic views would also be very interesting.
hero member
Activity: 668
Merit: 501
July 18, 2012, 03:36:20 PM
#12
-how taxes would work in a bitcoin dominated world
Depends on what you mean:
- what the state should do to continue taxing people
- if there is a problem with taxes due to afalling price level
- how you should treat Bitcoin for tax purposes

primarily because its a little more controversial and you will get critical questions Smiley afaik some bitcoiners oppose taxes heavily.

my questions are: [imagine me now putting my european-socialist hat on]
could bitcoin due to its transparency improve tax collection fairness in an all-bitcoin world?
could entity de-anonymisation be used to enfore a progressive wealth tax?

what kind of transactions will be taxable
could there be more automation maybe? something like a government-run API "sendmany" or TX fee to settle VAT instantly?
how many tax collectors could we fire once the government gets more efficient?
sr. member
Activity: 247
Merit: 250
July 18, 2012, 02:20:53 PM
#11
-how taxes would work in a bitcoin dominated world
Depends on what you mean:
- what the state should do to continue taxing people

+1

Will taxing people still be possible?
Will all other currencies suffer a hyperinflation death?
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
July 18, 2012, 12:04:19 PM
#10
Woah! I may be visiting a mate in London about the time of this conference. If so, I'm definitely going.
donator
Activity: 544
Merit: 500
July 18, 2012, 11:54:27 AM
#9
Securing online services
Merchant services
Mobile payments World
Electronic commerce
Electronic digital cash & virtual World taxation
New Products and services 2013
Gaming and gambling industry
This is more like analysis of market segments rather than economics.
hero member
Activity: 743
Merit: 500
July 18, 2012, 11:47:54 AM
#8
Securing online services
Merchant services
Mobile payments World
Electronic commerce
Electronic digital cash & virtual World taxation
New Products and services 2013
Gaming and gambling industry
donator
Activity: 544
Merit: 500
July 18, 2012, 11:39:36 AM
#7
Present some case studies on capital controls through history and speak about how Bitcoin could circumvent them.
This is to a certain extent under Bitcoin competing with other currencies and payment systems, but I have no case studies.
donator
Activity: 544
Merit: 500
July 18, 2012, 11:32:37 AM
#6
-how taxes would work in a bitcoin dominated world
Depends on what you mean:
- what the state should do to continue taxing people
- if there is a problem with taxes due to afalling price level
- how you should treat Bitcoin for tax purposes

?

-why is bitcoin a fiat/not a fiat currency
This is under Definition of money and how Bitcoin fits in.
donator
Activity: 544
Merit: 500
July 18, 2012, 11:18:22 AM
#5
Destroy the myth of a deflationary price spiral.
This is under the Macroeconomic Analysis.
hero member
Activity: 531
Merit: 501
July 18, 2012, 11:00:44 AM
#4
Present some case studies on capital controls through history and speak about how Bitcoin could circumvent them.

I'd be interested to hear about how the Austro-Hungarian currency union came to an end and over what kind of time frame it happened. Did they get a chance to implement capital controls? Who made money, who lost money etc.

It would be a very relevant talk given the precarious situation of the Eurozone.
hero member
Activity: 668
Merit: 501
July 18, 2012, 11:00:27 AM
#3
Destroy the myth of a deflationary price spiral.
+1

the topics lonelyminer posted seem all very non-controversial to be honest.

two ideas:

-how taxes would work in a bitcoin dominated world
-why is bitcoin a fiat/not a fiat currency
legendary
Activity: 1078
Merit: 1003
July 18, 2012, 10:34:21 AM
#2
Destroy the myth of a deflationary price spiral.
donator
Activity: 544
Merit: 500
July 18, 2012, 08:35:23 AM
#1
Hello,

I have been working on economic research of Bitcoin for over a year and would like to present my findings at the London conference http://bitcoin2012.com/. My paper will probably be published before that, but this way I can present some aspects of it in what will hopefully be a less boring form, and answer questions.

As it is a complex topic and I won't be able to talk about everything, I am giving you an opportunity to pick the topic you consider interesting. The resulting ranking will influence my talk. I don't know yet how many topics I can discuss but I don't think there will be time for more than two, so everyone can make two votes. You have 14 days to vote. You do not need to attend the conference to vote, it will most likely be recorded anyway so you can check it out online afterwards.
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