Bank accounts are dumb. Write me a better app!

This is not financial advice. I am not qualified. Seriously take responsibility for your own decisions fool! These days bank accounts are an anachronism. Yeah I know you need a bank account to write checks. I also know that savings accounts pay 'interest' uh huh as if. !hat like a dollar a month" #ut that's $ust the problem. In the digital age why the hell do people have $ust two accounts" !hy not % or %&&" !ell it's coming with or without the T#T's (To big to fail banks) 'irst since interest is paltry *+, checking accounts typically pay interest why not write checks against any account and have interest in all of them. It's not like -I./ is going away. -I./ is the -ero interest rate policy of the federal reserve. They set the rate banks lend to each other and is the basis of the prime rate which is the basis of your interest payment! !ell this number which used to be small has been 0ero for years and will probably be that way forever. !hich means interest payed on dollars in the bank will probably be close to & forever too. !hy borrow from you when they get free money from the fed" #oring" Yup I agree. !ant something more e1citing" 23 I'll give you one of the two inevitablities in life. +ope it's not death. +obody will be checking their balance from the grave. +o instead it's ta1es. If you live under a rock you may not know that bitcoin is vigorously competing against the banks. +o it's not $ust geek money and it's functionally the opposite of a pon0i scheme it is so ignorantly compared to. The crypto in it's 'crypto currency' actually protects it's public ledger which distributed to everyone as part of the protocol. 4very transaction from billionaires to micropayments in third world countries are right there on your hard drive. You can't tell who is who and interestingly neither can the I.S. 23 so the I.S recently ruled that for ta1 purposes bitcoin is a commodity not a currency. This has three effects. 'irst is that people who have cashed out lots of bitcoin for dollars (or anything else) owe 52TS of ta1es. Since 6mercians are used to spending every last dollar there is probably some serious panic selling right now. 7onsidering that's been going on for a week already bitcoin is doing great. Second prospective speculators who want to cash out at the lower ta1 rate 89: after ; year need to hurry up and buy. 4very day you wait is a day later you can cash out without it becoming part of your income! #ut the third effect is total fear and confusion. Technically every single micropayment is ta1ed. If you want to be on the up an up your head is reeling from the idea of keeping track of tiny fractions of micropayments. <isions of both your scariest high school math teacher and and I.S auditor begin to stab you with sharpened slide rules! .ela1 bo0o the answer is right in front of you. Your computer. The I.S doesn't care which bitcoin is which. !ell lets back up. They might but it's suicide. See even if they get an air tight proof a particular pseudo anonymous wallet is yours they still need to

prove that every single transaction was not internal (to another wallet of yours) has monetary value and was not a gift. =ultiply that by even $ust a do0en transactions and then multiply that by a two hours of preparation and a hearing in an I.S court for every tenth ta1payer in the >nited states. Yeah you get the picture. +ot gunna happen. +o the only realistic transactions are the #I? ones. You can't see who's moving lots of money on the bitcoin ledger but you sure can see the money! The only step is proving the wallet is yours and then burden is all on you to demonstrate what was going on. In case you didn't know this ta1ing all transactions isn't new. The I.S ta1es everything. There is no black market. In the practical real world this is totally bogus. That's why they go after the big obvious targets like income ta1. So now that you finally reali0e the truth that @@: of people are ta1 outlaws to some degree lets solve that problem for both bitcoin and dollars. 5ets get bank accounts and bitcoin app wallets that have %A ;& purpose named 'accounts' by default. 5ike 'petty cash' 'food' 'home improvement' 'insurance' 'vacations' 'income' 'gifts' and 'ta1es'. Bust like bitcoin wallets there should be no functional difference between them and moving money between them should be regulationCrule free but now when you spend money from an account the I.S knows how to ta1 it based on what account it came from. *s the year progresses ta1es are withheld at the rate of your choosing based on the ins and outs of each account. *t the end of the year compare the inflow of cash or bitcoins into each account to the outflow tally up the 'income' and 'gift' sections and you have not only your ta1 statement but the ta1es themselves. #oring right" +ot if an bitcoin client (or bank account A yeah right) is set up to do all this for you. *ll you have to do is transfer money into the income or outflow wallet that suits where the money came from and what it is being used for. This is not ta1 advice but computers are supposed to make your life easier. * bitcoin app with preset I.S friendly wallet prototypes would make bitcoin not only easier but superior to those aging barbaric relics otherwise known as 'checking' and 'savings' accounts.