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by Imustaskforhelp 2 days ago
Very interesting I am curious how this is the case, could you share some more details/information about it?

Also, how does it compare to say, accepting gold or treating a gold based ledger instead treating gold as a currency and similar ideas?

Also could this re-classification be ever useful too? For examples bonds being treated in such way?
2 comments
bojangleslover 2 days ago
It's the case because once you buy cloud credits you are in an entirely unregulated space. At Carolina Cloud, that means your cloud credits are nothing more than an audited and backed up DB entry. Therefore, we can do whatever we want with them. We could double them every 6mo if we wanted. We settled on something more reasonable (SOFR).

Not unlike the hyperscalers giving $100k+ to startups and it not counting as income for C-corp tax purposes. Totally unregulated space!

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infecto 2 days ago
What is surprising? Paying interest on cash is effectively a financial instrument. Not sure what gold has to do with it. If you pay a business cash and they turn it into credits that pay interest that would not pass a smell test.

No customer would truly care about this and in most jurisdictions you would probably go through a lot more paperwork because of the interest payments.

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