You are worried about the feedback ... got it.
You'd also know it if you'd ever had to file a tax return for masternode earnings since it's recorded as income followed by a capital acquisition, where you're taxed on the full value of the income. That's where your cost base comes from - not the scarcity value established by competitive mining.
As i mentioned to you before, in my country cryptocurrency is treated like owning stock. Which means it is subject to property tax, not income tax.
We just calculate our total amount of cryptocurrency at a certain time (1st of Januari 00:00) and translate that to euro. That amount of Euro is then reported to the tax agency
and that amount will be taxed. Peace of cake.
There is no filing a tax return for masternodes earnings. Our tax agency is not even interested in what kind of cryptocurrency we have. They just want to know how much the cryptocurrency
we have in total is worth in Euro at a certain time.
There is no difference for the tax agency if people have a certain amount of Euro on a bank account or if people have a certain amount of cryptocurrency on a hardware wallet.
Both are reported in euro and both are subject to the same property tax.
And no, i will not stop calling your market theory a theory. Because that is exactly what it is, a personal and unproven theory with an abundance of decorative pictures.
Thank you by the way for the reference link to where you discussed this before :
https://www.dash.org/forum/threads/consensus-mechanisms.49135/page-2
Ryan Taylor does make a lot of sense. I guess this means you did make a purchase all these many years ago based on poor rationale.
I certainly did not invest in Dash because it was suppose to be a 'high energy budget coin, with on-chain services that are competitive with other high energy budget coins'.
I invested in Dash because of the masternode rewards and its schedule.
Dash original masternode payment schedule (2014) :
if(nHeight > 158000) ret += blockValue / 20; //25.0% - 2014-10-23
if(nHeight > 158000+((576*30)*1)) ret += blockValue / 20; //30.0% - 2014-11-23
if(nHeight > 158000+((576*30)*2)) ret += blockValue / 20; //35.0% - 2014-12-23
if(nHeight > 158000+((576*30)*3)) ret += blockValue / 40; //37.5% - 2015-01-23
if(nHeight > 158000+((576*30)*4)) ret += blockValue / 40; //40.0% - 2015-02-23
if(nHeight > 158000+((576*30)*5)) ret += blockValue / 40; //42.5% - 2015-03-23
if(nHeight > 158000+((576*30)*6)) ret += blockValue / 40; //45.0% - 2015-04-23
if(nHeight > 158000+((576*30)*7)) ret += blockValue / 40; //47.5% - 2015-05-23
if(nHeight > 158000+((576*30)*9)) ret += blockValue / 40; //50.0% - 2015-07-23
if(nHeight > 158000+((576*30)*11)) ret += blockValue / 40; //52.5% - 2015-09-23
if(nHeight > 158000+((576*30)*13)) ret += blockValue / 40; //55.0% - 2015-11-23
if(nHeight > 158000+((576*30)*15)) ret += blockValue / 40; //57.5% - 2016-01-23
if(nHeight > 158000+((576*30)*17)) ret += blockValue / 40; //60.0% - 2016-03-23
Scheduled to lead Dash to 60% of the blockrewards to masternodes and 40% of the blockrewards to miners in 2016.
Ironic how we are coming full circle to this original masternode payment schedule again. Only at a much slower rate.
