Re: TECH/IDEA FUTURES: Nevada Law Would Permit Internet Gambling ...

From: Brian Atkins (
Date: Wed Apr 18 2001 - 23:10:22 MDT

And you're going to report all that income to the IRS right? Oops, so much
for being private. What it comes down to is either you are willing to break
the law, or not. It doesn't matter where it is hosted, or how private it is.
I doubt you would be able to sleep very well at night if you actually got
involved in such a venture, even if it was with well-trusted individuals
(although a good futures market probably requires many many participants).

You're either going to have to get the law changed, find a legal way around
it, or become a citizen of another country that allows it.

Spike Jones wrote:
> Brent Allsop wrote:
> > What about setting up a real money idea futures some place
> > like sealand? Would there be problems with this? Brent Allsop
> Could not one set up a private encrypted email group (such as
> has been demonstrated by a well-known extropian) to do
> a real money version of ideas futures based on prices on the
> Foresight Exchange? Perhaps something like this is already
> in existence? Or, do a private real money ideas futures that
> use the memes on Foresight Exchange but does not use the
> prices on that list. Payoffs could change hands using PayPal.
> No need to involve sealand. spike

Brian Atkins
Director, Singularity Institute for Artificial Intelligence

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