Preston’s got the right of this one. https://twitter.com/prestonjbyrne/status/987457959524491265 …
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It’s just Liberty Reserve, except with more exotic operational risks.
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There is prior art on the subject: Barter exchanges. If I set up a way for people to exchange good and services with each other without exchanging "fiat currency," it turns out that all the usual laws (like taxable income) still apply.
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