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Author Topic: 12.5% Tax on Real Bitcoin  (Read 319 times)
Pffrt
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January 23, 2020, 01:34:01 PM
Merited by mindrust (2), vapourminer (1), DdmrDdmr (1), CryptopreneurBrainboss (1)
 #1

So, BCH is the real bitcoin  Grin
Roger is Satoshi  Cheesy He does not like Bitcoin anymore because he has found the most decentralized chain BCH.
The real decentealized shitcoin miners have to pay 12.5% taxes on each block reward  Cheesy That's for developing firm from Hong Kong. The tax will be affective from May.
Enjoy the network, decentralized network.

https://coingape.com/a-12-5-tax-on-mining-rewards-is-bitcoin-cash-bch-really-decentralized/
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January 23, 2020, 01:44:44 PM
 #2

BCH is now a government with an IRS of its own?

Roger Ver seems to be discontented with only CSW attracting the attention of the people. He seems urgently needing a way to catch some attention himself. They are of the same colors just like both of their shitcoins.

 
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January 23, 2020, 01:44:48 PM
 #3

Roger Ver: Taxation is theft.
Also Roger Ver: Here's a 12.5% tax on miners! If not, we're going to orphan your blocks!


Source: https://medium.com/@jiangzhuoer/infrastructure-funding-plan-for-bitcoin-cash-131fdcd2412e

Also, stop it with the "real bitcoin" crap.

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January 23, 2020, 02:31:17 PM
 #4

Sounds like something highly centralized. What is the plan and who writes it?

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January 23, 2020, 02:56:59 PM
 #5

This is effectively killing whatever decentralization there is in Bitcoin Cash.

This sounds more than just mere centralization. There seems to be an authoritarian voice ruling over the rest of the miners in this decision. And the more curious and even dangerous case emanating from this proposal is that the BCH community seems supportive of this crazy proposal. It brings more question.

Such names as Jiang Zhuoer, Jihan Wu, and Haipo Yang are like creating a Communist Party of China (CPC) in the BCH community. And it sounds perfectly like a Chinese government with their follow-or-be-punished condition. The big brothers are here.
 





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January 23, 2020, 02:59:35 PM
 #6

Lets wait and see how it plays out.

Looks terrible on the surface.  Maybe it will be just that terrible.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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January 23, 2020, 03:24:42 PM
 #7

So, BCH is the real bitcoin  Grin
Roger is Satoshi  Cheesy He does not like Bitcoin anymore because he has found the most decentralized chain BCH.
The real decentealized shitcoin miners have to pay 12.5% taxes on each block reward  Cheesy That's for developing firm from Hong Kong. The tax will be affective from May.
Enjoy the network, decentralized network.

https://coingape.com/a-12-5-tax-on-mining-rewards-is-bitcoin-cash-bch-really-decentralized/
they want to take advantage of the miner and earn free money
its looks like they can't support the fake pump anymore and need more support
when this coin collapse every supporter of this coin will regret it
its really best to stay away from this coin





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January 23, 2020, 03:33:29 PM
 #8

they want to take advantage of the miner and earn free money

Even though I really don't like Roger Ver and BCH, I won't make that kind of conclusion that easily, as the money could also actually be for the betterment of their project. But regardless if they wanted this 12.5% tax for genuinely good purposes, it's the fact that only a few people decided on this is really really bad. It just shows us how really badly centralized BCH is(though this shouldn't be a surprise).

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January 23, 2020, 03:43:47 PM
 #9

Roger Ver: Taxation is theft.
Also Roger Ver: Here's a 12.5% tax on miners! If not, we're going to orphan your blocks!


Source: https://medium.com/@jiangzhuoer/infrastructure-funding-plan-for-bitcoin-cash-131fdcd2412e

Also, stop it with the "real bitcoin" crap.

Eww, way to kill an altcoin... Not like it ever achieved anything useful anyway. Tax the miners, what could possibly go wrong? They were already giving 4% to the pools, and some even foolishly pay dev taxes for using modded firmware.

If there was any reason left to mine this thing, i guess this will completely remove it.

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January 23, 2020, 04:21:10 PM
 #10

I read a similar topic in Altcoins board few minutes ago https://bitcointalk.org/index.php?topic=5220006



Such names as Jiang Zhuoer, Jihan Wu, and Haipo Yang are like creating a Communist Party of China (CPC) in the BCH community. And it sounds perfectly like a Chinese government with their follow-or-be-punished condition. The big brothers are here.
If you take a look at Jiang's blog, they came up with this decision after following Deng Xiao Ping's policies.

Cat philosophy: No matter white cat or black cat, a cat that catches rats is a good cat.
River philosophy:To cross the river by touching the stones.
Non-debate theory:Non-debate theory is my invention. Non-debate, is to gain time to work hard. When you debate, everything becomes more complicated and it wastes time. Nothing can be done. Don’t debate, and just try. Be brave and experiment.

They pretty much gave up the "decentralization" with that non-debate theory.    



Are you sure about this? 12.5% is too much.
It is. But it looks like the BCH trio are ready to implement it in the next four months. Any miner who opposes can just leave, no more debating. They either donate for the further development of bitcoin cash or have their blocks be orphaned.
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January 23, 2020, 04:40:13 PM
 #11

why im confused with this statement?
Quote
According to the official blog release from Jiang Zhuoer, CEO at BTC.TOP, the tax will be sent to a Hong Kong based development firm, in the six months following the May upgrade. The organization will oversee the growth and development of the BCH blockchain.

how Shitosi know the miningpool come from hongkong? if i running mining pool in indonesia, i should pay 12,5% tax to hongkong goverment Huh
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January 23, 2020, 04:44:58 PM
 #12

how Shitosi know the miningpool come from hongkong? if i running mining pool in indonesia, i should pay 12,5% tax to hongkong goverment Huh

If you mine on BCH through these mining pools, you're not paying taxes to the government, but to developers. And you don't even need to be in Hong Kong. All other mining pools are either just going to shut down, or be forced to follow this update. It's not that any better because it's forced taxes, but yea.

Seriously, read this article: https://medium.com/@jiangzhuoer/infrastructure-funding-plan-for-bitcoin-cash-131fdcd2412e

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January 23, 2020, 06:14:48 PM
 #13

I think this tax is unfair for miners and that just like people pay tax to their government. This will make BCH become a centralize coin and i believe this project will become end soon. Crypto investors do focus on decentralized coin, not a coin being control by a group of people.


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January 23, 2020, 07:00:28 PM
 #14

At first I feel this was a concern, but later I think this is a good move, most of these miners only cares about them selves and doesn't care about the development of the platform, the developers on most of these POW coins are not greatly rewarded, if the miners has taken this has their primary responsibility no one would force this on them. And remember this is just for 6 months

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January 23, 2020, 07:03:45 PM
 #15

Lol, Bitcoin Cash was a heap of trash before, but now it's practically done for.

This will be the first top 10 cryptocurrency to include such a tax.... Why on Earth would they think it's a good idea to announce this now, when Bitcoin SV is literally hot on its tails.

Either way, I hope both BCH and BSV drop out of the top 10 and get replaced by more deserving coins. There is really no space for a bitcoin alternative in the top 10.
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January 23, 2020, 09:46:44 PM
 #16

So, BCH is the real bitcoin  Grin
Roger is Satoshi  Cheesy He does not like Bitcoin anymore because he has found the most decentralized chain BCH.
The real decentealized shitcoin miners have to pay 12.5% taxes on each block reward  Cheesy That's for developing firm from Hong Kong. The tax will be affective from May.
Enjoy the network, decentralized network.

https://coingape.com/a-12-5-tax-on-mining-rewards-is-bitcoin-cash-bch-really-decentralized/

They are only going to lose hash rate to bitcoin with this move.  As a miner the profitability will always hover around the same it's just the difficulty that will adjust.  Bcash seems to be turning themselves into a non significant alt amongst the vast majority of the others.  Cant wait until the halving, their coin will be as secure as any other alt soon lol.

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sorrros
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January 23, 2020, 09:49:51 PM
 #17

That is what we are talking about, centralization of one man (one entity) is the biggest problem. He came with an idea and could completely destroy the system. While in real Bitcoin, people should agreed on a change, here vox populi doesn´t have a value.

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January 23, 2020, 11:37:36 PM
 #18

This step confirms that bch is not decentralized rather it is a centralized and controlled coin where policies and rules can be changed anytime, i do not think there is space for such dictatorship based decisions in decentralized world of cryptocurrencies, i think this forced tax will definitely hurt both bch trading as well as mining market.
A better point from this case if roger and BCH team act as the next modern IRS. What i still don't understand is about will the taxation be done through vote?
This is not a decentralized coin since it was created by roger ver and why didn't ver just sold all of his million bitcoin and BCH to funding the BCH team that is still doing development to the protocol.

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January 23, 2020, 11:43:48 PM
 #19

So, BCH is the real bitcoin  Grin
Roger is Satoshi  Cheesy He does not like Bitcoin anymore because he has found the most decentralized chain BCH.
The real decentealized shitcoin miners have to pay 12.5% taxes on each block reward  Cheesy That's for developing firm from Hong Kong. The tax will be affective from May.
Enjoy the network, decentralized network.

https://coingape.com/a-12-5-tax-on-mining-rewards-is-bitcoin-cash-bch-really-decentralized/
BCH is not a real bitcoin, BCH is only a fraction of his son BCH and not a bitcoin maker who created BCH because from the beginning of the emergence of the Sathosi from old times until now nobody knows. So the BCH project had a personal person. And I think the tax is too big if every block has to pay 12.5% every transaction, although it is safe, I think enough burden people to use it transact. So what about you guys about who actually mastermind all this?

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January 24, 2020, 03:38:43 AM
 #20

So, BCH is the real bitcoin  Grin
Roger is Satoshi  Cheesy He does not like Bitcoin anymore because he has found the most decentralized chain BCH.
The real decentealized shitcoin miners have to pay 12.5% taxes on each block reward  Cheesy That's for developing firm from Hong Kong. The tax will be affective from May.
Enjoy the network, decentralized network.

https://coingape.com/a-12-5-tax-on-mining-rewards-is-bitcoin-cash-bch-really-decentralized/
BCH is not a real bitcoin, BCH is only a fraction of his son BCH and not a bitcoin maker who created BCH because from the beginning of the emergence of the Sathosi from old times until now nobody knows. So the BCH project had a personal person. And I think the tax is too big if every block has to pay 12.5% every transaction, although it is safe, I think enough burden people to use it transact. So what about you guys about who actually mastermind all this?

What do you mean safe?

The miners should be asked fairly whether the tax will be implemented or not, or whether it will be reduced or not. It should be coming from a consensus and not just from the few rich elites withing the BCH mining community.

 
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