From: tcmay@got.net (Timothy C. May)
Date: Thu, 30 Nov 1995 12:30:53 +0800
To: cypherpunks@toad.com
Subject: Re: ecash lottery (Was: ecash casino)
Message-ID: <ace26afe05021004e5e0@[205.199.118.202]>
MIME-Version: 1.0
Content-Type: text/plain


At 2:00 AM 11/30/95, Dr. Dimitri Vulis wrote:
>iagoldbe@csclub.uwaterloo.ca (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.
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Timothy C. May              | Crypto Anarchy: encryption, digital money,
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