Nevada has become the first state to ban local governments from taxing blockchain use.
This could make Nevada a hub for blockchain startups and it certainly offers agorist opportunities. A brand new law in the state of Nevada creates a free-trade zone for cryptocurrencies and other blockchain applications exempting them from regulations. The law prohibits taxing and regulating blockchain businesses.
In addition to preventing local governments from taxing the use of a blockchain or smart contract (or requiring a licensure for their use), the bill stipulates "if a law requires a record to be in writing, submission of a blockchain which electronically contains the record satisfies the law" – meaning that data from a blockchain can be introduced in "proceedings".
In my opinion this is going to launch Bitcoin into the mainstream in a big way. My nephew was just in Nevada and sent me a picture of a Bitcoin machine in one of the hotel lobby's. This should be a wake up call to those who think cryptocurrency is just a fad.
http://www.coindesk.com/nevada-first-us-state-ban-blockchain-taxes
That's awesome! Too bad I live in Wyoming, where Coinbase DENIES!
Coinbase has some real issues. I'm sure there will be some U.S. based alternatives to using that site.
Yes this is very interesting. It's too bad you didn't write more about your own personal feelings on the issue. I see you only wrote 1 paragraph in your own words, so I might adjust my vote to 1% for the minimal effort.
You have a good taste on what stories to share, but you really should write more to "value add" the article by giving your own words ,what you think this means, if it is good or bad.. maybe some extra pictures, anything.
Just a tip, to help you get paid better for your work involved.
Thanks for the tips. I just joined today and I'm starting to get the hang of it. Very unique platform.
Great news. Thanks for passing this along to us!
There's definitely a major shift occurring across the nation and globally on the political and socio-economic scene.