How Contemporary Art Became a Fiat Currency for the World’s Richest

Re:How Contemporary Art Became a Fiat Currency for the World... by teh_infallible on Friday May 17, 2019 @03:31AM (#19937194)

Because it would necessarily involve tracking everything everyone owns?

[ Parent | on HN ]

Re:How Contemporary Art Became a Fiat Currency for the World... by B1FF_PSUVM on Friday May 17, 2019 @05:14AM (#19937725)

Or just the insured stuff, from the horse's mouth - insurance companies can spit out database reports to the tax authority.

They could even add the tax amount to the premium and collect both.

[ Parent | on HN ]

Re:How Contemporary Art Became a Fiat Currency for the World... by nutjob2 on Friday May 17, 2019 @04:47AM (#19937580)

Income taxes don't require tracking income, so why would it be necessary for assets?

[ Parent | on HN ]

Re:How Contemporary Art Became a Fiat Currency for the World... by kkarakk on Friday May 17, 2019 @04:29AM (#19937468)

a usecase where blockchain makes sense? what? <surprised pikachu face>

[ Parent | on HN ]