mimblewimble team mailing list archive

[Luke Kenneth Casson Leighton <lkcl@xxxxxxxx>]

---
crowd-funded eco-conscious hardware: https://www.crowdsupply.com/eoma68


On Thu, Mar 8, 2018 at 4:17 PM, John Tromp <john.tromp@xxxxxxxxx> wrote:
> hi Luke,
>
>> current crypto-currencies with the exception of monero are based
>> around the principle of hiding... so of course they are being hunted
>> and hounded.  monero and i believe grin-coin at least provide both
>> privacy *and traceability*, such that an individual may *prove* to
>> their local tax authorities that yes they accepted the transaction,
>> but that they can also prove that the transaction was completed
>> *outside of their jurisdiction*.
>
> Are you talking about transactions that the user reports to the authorities
> in the first place?

 no.  transactions that the user does *not* report (initialy) because
they're private [and it's not tax-paying time-of-year].

> In that case the user would simply not report transactions
> that are "inside the jurisdiction", whatever that means.

 that would be a criminal offense, not to report earnings / income.
however it's perfectly fine to report earnings / income... *that they
cannot tax*.

l.