[scarejunba]

Interesting so if I make a coin, airdrop it to you guys, and enforce only a single sale of one coin for a million dollars to my friend and from him back to me, then leaving the chain untransactable, you're all on the hook for 1 million dollars worth of coin but can't sell it? Fascinating.

[onlyrealcuzzo]

No. For the same reason you can't create stock in a company and mail people shares, rack up a bunch of debt, and have random people liable for part of the debt.

Just because someone "gives" you something, doesn't mean you accepted it and own it.

[nullc]

Can you relate your position back to the text of the ruling? Particularly where it references Commissioner v. Glenshaw Glass Co., 348 U.S. 426, 431 (1955)?

The standard they are appearing to apply is "undeniable accessions to wealth, clearly realized, and over which the taxpayers have complete dominion".

[gamblor956]

From the example just above, the scam coin is neither realized nor does the recipient have complete dominion.

[nullc]

Realized seems dicey indeed, I can't figure out how 'realized' applies to any fork unless the coins are moved.

Complete dominion, OTOH is easy to address. E.g. instead of mailing them the keys, I pull the public keys out of their website's SSL cert. They now have complete dominion.

[gamblor956]

Your victims can choose not to accept receipt of the coins you send them.

Also, if the coin is not transactable it has no value.