I wish this were a thing, I really do. At the very least, I want to live in a future where we know if a piece of content was generated by a generative model or if it wasn't.
The question is- what is the incentive to burn gas (re: money) to timestamp the manifests before the regime comes into power?
These organizations are already incentivized, somehow or other, to do the work of creating and maintaining their archives. I think their incentives are aligned with wanting them to be authenticated. If you think gas fees would be a concern, they could create and publish a manifest file once a year for any new videos, and write the hash of the manifest file to the blockchain. That's one hash published a year, that can't be a lot.
Though I guess if you're worried about whether something happened last week, you'll want more speedy publishing of hashes. But for any events that happen _in_ that future, we probably won't have much reason to trust videos anyway. That's a whole other problem. Fake news vs fake history.
a number of projects aimed at this exact problem - one of them is/was called Tyrion - there were probably a dozen because the concept is quite obvious. but the usual blockchain problems frustrate its success, namely that blockchains are not independent of human control, but only obfuscate it behind unprovable promises of decentralization.
I would think that's only a forward-facing problem. I.e. policies could change. But so long as the chain has not been corrupted, and assuming it was proof-of-work, couldn't you more or less prove that the chain going backwards has in fact not been corrupted? Though I suppose it might rely on a reliable account of the hashing power of the world at a given time.
Sailings aren't usually port-to-port- they stop at multiple ports along the way, and at each port, it takes 1-3 days to load new containers and unload new containers, not to mention port congestion, and being re-routed due to weather.
> And if you quit your job prior to selling (i.e had ordinary income <$40,000) then the capital gains would go to 0% (seems wrong (?) and maybe you would have to pay the alternative minimum tax... not quite sure).
Not a tax advisor, but I thought capital gains counts as taxable income? So someone who sells $50k worth of BTC will pay 15% on $10k.
Yes, and the rate depends on the amount of ordinary income you have (including short-term gains) and the amount of long-term capital gains. The capital gains rate is 0% under $40k (for single individuals) but ordinary income is calculated first (after deductions) and the total income determines the bracket. So if you have $40k or more in ordinary income (after deductions) then the 0% rate won't apply to any of your long-term gains. If you had $20k in ordinary income (a.d.) then the first $20k of long-term gains would be taxed at 0% and the next $400k (from $40k to $440k of total income) would be taxed at 15%, with anything beyond that taxed at 20%.
Also, if you have significant income from investments then a surcharge of 3.8% in Net Investment Income Tax may be added on top of the long-term capital gains rate for part of that income for a marginal rate of 18.8% or 23.8%.
A different kind of regulation, but the FMCSA recently denied an autonomous trucking company's request to extend the amount of time their drivers could be on the road [1].
The question is- what is the incentive to burn gas (re: money) to timestamp the manifests before the regime comes into power?