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This is a bad understanding of cryptography. Bitcoin does not provide security in the cryptographic sense, any more than Skype or Hushmail. It uses secure cryptographic primitives but can be successfully attacked (double-spent) in polynomial time.
Earlier quoted context omitted.
Automatic dollar-averaged investment done by the company. I would like that service if I were a regular worker.
In the most volatile stock ever
Good luck doing your taxes! Seriously. Is there any simple guidance on how to figure your income if paid in BTC?
You probably get the same thing you do with the cash economy where people just make up the lowest figure that sounds vaguely plausible.
"Based on cryptography, it is secure and deterministic as we require for digital services." This is a bad understanding of cryptography. Bitcoin does not provide security in the cryptographic sense, any more than Skype or Hushmail. It uses secure cryptographic primitives but can be successfully attacked (double-spent) in polynomial time.
Does that kind of sentence promote better understanding how cryptography or bitcoin works for the average Joe?
"Based on cryptography, it is secure and deterministic as we require for digital services." This is a bad understanding of cryptography. Bitcoin does not provide security in the cryptographic sense, any more than Skype or Hushmail. It uses secure cryptographic primitives but can be successfully attacked (double-spent) in polynomial time.
> It uses secure cryptographic primitives but can be successfully attacked (double-spent) in polynomial time. Does that kind of sentence promote better understanding how cryptography or bitcoin works for the average Joe?
So is this like company script? I mean I wouldn't want to be paid in BTC unless it was widely accepted.
Good luck doing your taxes! Seriously. Is there any simple guidance on how to figure your income if paid in BTC?
I wonder how one would go about taxing bitcoin transactions at all if there is no record that can be tied with certainty to a person. You probably get the same thing you do with the cash economy where people just make up the lowest figure that sounds vaguely plausible.