Article Summary, Automatically Generated By AI
Summary of MetaTariff
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Concept:
MetaTariff is a peer-to-administration (P2A) system within the peer-to-peer (P2P) universe, allowing online payments with an embedded transaction tariff (riff or toll). -
Goal:
To find a fair and beneficial solution for taxation of cryptocurrency transactions and gains, involving regulators, crypto networks, and administrative bodies. -
Approach:
Innovative resolve that brings regulators and crypto networks together, with an independent third-party DAO (Decentralized Autonomous Organization) for oversight and decision-making. -
Tokens:
Two tokens proposed: MetaTariff ($RIFF) as the DAO and MetaToll ($TAX) as the
About MetaToll: Pioneering the Future of Decentralized Tolling
MetaTariff is poised to revolutionize the peer-to-peer (P2P) universe, commonly referred to as the “metaverse,” by introducing a novel peer-to-administration (P2A) system. This innovative approach enables the embedding of a transaction tariff, or “riff” or “toll,” within P2P online payments. This secondary P2A transaction is sent concurrently with the primary P2P transaction, distinct from yet reminiscent of a gas fee on a respective network. It is essential to note that the terms “gas fee” and “riff” should not be used interchangeably. Amidst the uncertainty and decentralization of our era, the taxation of cryptocurrency transactions and/or gains remains a contentious and pressing issue, not only in the United States but globally. The current solution, a complex set of codes, is often deemed convoluted and unnecessary by over 90% of the P2P community. Throughout history, taxation has been a politically charged and contentious topic, with laws constantly evolving with changes in leadership. At MetaTariff, we propose a pioneering solution that avoids anarchy and promotes cooperation between regulators and crypto networks, ensuring a fair and beneficial outcome for all, nationally, internationally, and even intergalactically. Our approach involves an independent third party with complete oversight and decision-making authority, a Decentralized Autonomous Organization (DAO), such as MetaTariff, to facilitate the adoption of cryptocurrencies, blockchain networks, and administrative bodies for all nations. The ongoing discussion surrounding the regulation of cryptocurrency has been a subject of concern. Our proposal, however, advocates for deregulation (“deReg”) through the adoption of two tokens: MetaTariff ($RIFF) as the DAO and MetaToll ($TAX) as the Toll currency, synonymous with a “riff.” By introducing an independent, non-governmental third-party administrator in the P2A transaction, we empower society to move away from government-imposed decisions and instead, allow citizens to determine what is best for themselves, including the crypto world and metaverses.