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Re: ecash lottery (Was: ecash casino)
At 2:00 AM 11/30/95, Dr. Dimitri Vulis wrote:
>[email protected] (Ian Goldberg) writes:
>> So; is there a problem with the implementation outlined above?
>
>What about the income tax on winnings?
That's a good one! A bit subtle as humor, though.
(For many of us, even most of us, the whole _attraction_ of such gambling
schemes--to the extent any gambling scheme can ever be attractive to a
rational person--is the tax avoidance. And any scheme that allows taxation
of winnings, but not losses on individual bets, would kill this proposal
dead.)
--Tim May
Views here are not the views of my Internet Service Provider or Government.
---------:---------:---------:---------:---------:---------:---------:----
Timothy C. May | Crypto Anarchy: encryption, digital money,
[email protected] 408-728-0152 | anonymous networks, digital pseudonyms, zero
Corralitos, CA | knowledge, reputations, information markets,
Higher Power: 2^756839 | black markets, collapse of governments.
"National borders are just speed bumps on the information superhighway."