Comment Re:One way to restore my faith in humanity (Score 1) 326
Learn to use Google, it's catching on, I hear it may be a big thing some day.
Learn to use Google, it's catching on, I hear it may be a big thing some day.
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.
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.
It's a naive, domestic operating system without any breeding, but I think you'll be amused by its presumption.