bitcoin mining

[Christopher Browne]

On Thu, Jun 23, 2011 at 7:02 PM, Timothy Hildred <timhildred-Re5JQEeQqe8AvxtiuMwx3w at public.gmane.org> wrote:
>>> guys, accepting bitcoin is something I've been hoping the Linux Caffe
>>> would do.
>
> would you take bitcoin for your work?

I'd not accept it as salary, but supposing I was contracting, I don't
think it would be a horrible idea to accept a small contract
remunerated in bitcoin, as an experiment.

A curious question that's worth an answer is knowing how the tax folk
would recognize it.  Playing the tax evasion game would get their ire
up, but if you tried to play things straight with them, this oughtn't
be worse than getting paid in any other currency they don't see every
day.  I'd not expect CRA to accept BitCoin in payment of taxes; I
don't expect they accept rupees or lira or yen, either.

If the experiment fails, that's no particular disaster.  And the only
way BitCoin could succeed is out of there being a goodly number of
people trying such experiments.
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