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Comment Re:One way to restore my faith in humanity (Score 1) 326

You clearly have not the smallest understanding of the Commerce Clause and have not read Quill. The federal government has plenary power to regulate interstate commerce, and can therefore grant to states the right to collect excise levies on particular acts of interstate commerce, or forbid them from doing so.

Learn to use Google, it's catching on, I hear it may be a big thing some day.

Comment One way to restore my faith in humanity (Score 2) 326

Is to read a tax thread on slashdot, that the rest of the world isn't this burblingly insane gives hope.

Yes states can collect excise taxes, and yes this bill is constitutional. "On a computer" or "over the internet" do not make fundamental law vanish. Whether state sales taxes are a good idea, is a different question, one of policy, not law.

Comment Re:Speculation (Score 1) 293

Incorrect, the number of days of that level of volatility in a major currency since world war II is small (the Yen crash, the attack on the pound, a few other big days) this is normal for BTC, which is a thinly traded and volatile by design. That 9% of the economy was taken down by that volatility shows the reason for stabilizing mechanism in a trading system.

Comment UI in general is getting worse (Score 4, Insightful) 863

the new design principles of cow path work flow, one way trap doors, modal dialogs, and above all the great mouse click god are destroying the metaphor. We are building for fools and soon only fools will be able to use it. A/B testing is the worst idea in UI design since the rubber eraser joystick that was on lap tops from people too cheap to buy a track pad.

Comment Re:Conversion (Score 1) 595

Those are what dollars and so on monetize.

BTC monetizes the infrastructure of anonymity, but does not enforce transactions. It's short of key differences between a token and a currency. Fiat is the ability to create currency, but fiat does not come by fiat. A real currency is one that can command an economy capable of enforcing its will. This is why the money of many countries is called "junk" currency - the country can't actually enforce its writ.

Comment Re:Conversion (Score 1) 595

Divisibility is not a part of being a currency. Divisibility dates back to grain as currency in Sumeria. Your interlocutor may be a fanatic, but that does not mean he's always wrong. Of course the BTC want to talk about divisibility as a way of convincing people that infinite deflation isn't a problem. that they will still be able to pay BTC tax on their transactions, since they won't be holding BTC for long, and that, not the divisibility, is the issue. No one actually wants to do business in BTC, they only want to use it as a proxy or as a chip in a game.

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