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Topic: 12.5% Tax on Real Bitcoin - page 2. (Read 389 times)

sr. member
Activity: 602
Merit: 250
—RUSHMOON — Automatic LP & Yield Farm & AMM on BSC
January 23, 2020, 02:14:48 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.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
January 23, 2020, 12:44:58 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
hero member
Activity: 644
Merit: 509
January 23, 2020, 12:40:13 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
sr. member
Activity: 882
Merit: 301
January 23, 2020, 12:21:10 PM
#10
I read a similar topic in Altcoins board few minutes ago https://bitcointalksearch.org/topic/bch-miners-should-donateor-else-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.

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.
legendary
Activity: 2030
Merit: 1568
CLEAN non GPL infringing code made in Rust lang
January 23, 2020, 11:43:47 AM
#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.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
January 23, 2020, 11:33:29 AM
#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).
sr. member
Activity: 962
Merit: 269
CryptoDirectories.com
January 23, 2020, 11:24:42 AM
#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
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
January 23, 2020, 10:59:35 AM
#6
Lets wait and see how it plays out.

Looks terrible on the surface.  Maybe it will be just that terrible.
legendary
Activity: 2576
Merit: 1860
January 23, 2020, 10:56:59 AM
#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.
 
newbie
Activity: 13
Merit: 2
January 23, 2020, 10:31:17 AM
#4
Sounds like something highly centralized. What is the plan and who writes it?

We've taken care of everything, the words you hear, the songs you sing
The pictures that give pleasure to your eyes
It's one for all and all for one, we work together, common sons
Never need to wonder how or why
~Neil Peart
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
January 23, 2020, 09:44:48 AM
#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.
sr. member
Activity: 567
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
January 23, 2020, 09:44:44 AM
#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.
sr. member
Activity: 1372
Merit: 322
January 23, 2020, 09:34:01 AM
#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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