EFTA01620998

Platform: iMessage Timezone: UTC+0000 • 1212 5333739 +1 (212) 533-3739 JI Jot Ito JI Joi Ito +1 (415) 290-4618 2018/05/19 You probably know but Bannon did an interview with the NYT about our meeting at Harvard. I think I was able to keep the two of us out of it but summers will be in it. 12:39:50 am 1212 5333739 Did not know 02:23:48 am Any more color 09:45:36 am Jot Ito Can I call you? 09:46:03 am Or can you call me? JI 09:46:47 am JI 1212 5333739 Does the 3rd or 4th work for a visit 01:13:55 pm Jot Ito I'm in Tokyo from the 2nd... I'm defending my PhD dissertation on the 6th in Tokyo t: 01:45:22 pm EFTA01620998 2018/05/21 1212 5333739 JI JI A tenants in common structure for bitcoins is very problematic for gov 11:21:08 am Jo! Ito Oh, how interesting. With multi-signature, you could even formally create such a structure technically quite easily... 11:24:28 am 1212 5333739 yikes 11:24:45 am Joi Ito Maybe Madars and I should hold bitcoin in a Tenants in common 1031 structure and see what happens? 11:24:57 am Basically, you can make a wallet or hold a coin where two people have to sign it for it to move 11:25:16 am And require unanimous approval of any transactions 11:25:24 am Jot Ito Oh hmm. So not other property? 11:25:55 am 1212 5333739 No. 1031 is only for real estate property 11:25:34 am • • EFTA01620999 1212 5333739 JI Nope. That was the change in the tax bill. . however 11:26:27 am A real estate coin would qualify. 11:27:24 am A ltd part interest in real estate qualifies 11:27:43 am Now you can see why they are loathe to put regulations in place that defines the boundaries 11:28:09 am Jot Ito So if we made a digital contract (a set of tokens) backed by real estate, and make it such that each coin is owned by "two or more persons have an undivided, fractional interest in the asset" we might be able to call it a Tenants in common 1031 exchange? 11:29:24 am Should we design this and set it up for fun? 11:29:53 am 1212 5333739 Yes, but all 1031 s. Require disclosure on your tax form 11:31:33 am Exchanging TIC. Interests or swapping keys. unknown. 11:32:18 am Will coin check let me invest? 7: 08:06:45 pm • • EFTA01621000 Jot no I can ask 09:12:31 pm JI .0 Maybe best if you meet him - Oki 09:12:40 pm Joi Ito 10:52:48 pm  Read 2018/05/30 1212 5333739 Ok with me 09:22:04 pm 1212 5333739 FYI no Reid 10:48:44 pm  Sent EFTA01621001