Author

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 127. (Read 704506 times)

jr. member
Activity: 38
Merit: 77
1PenekAV7bcEFXFxY68NYrTotBETdDiGk8
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*

Even if it is true, wouldn't there be a huge tax involved? Plus, whith a huge law suit pending, I don't think this would be a good move at all.

Why would a huge tax be involved? Wright is natively Australian. Currently residing in UK? I don't know anything about their taxation laws, but I do know some about that of the US. Being from common legal heritage, I might imagine (admittedly, with some ignorance) that these jurisdictions have taxation laws similar to the US. In the US, wealth itself does not require taxation thereupon. Only in executing a taxable event is a tax obligation incurred. Such as selling for fiat. Or direct purchase of items using the Bitcoin itself.

In Australia, the act of trading one cryptocurrency for another is a taxable event. https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia---specifically-bitcoin/?page=2#Transacting_with_cryptocurrency It is a taxable event in the UK too. https://blocktax.uk/guide/ Also, if Satoshi is moving his coins, people are going to take notice, especially the attorneys for the Estate of Kleiman. This would be a dumb move, all around. Also, the hopes that this would somehow bolster the market value of BCH is rather speculative. It may give a temporary boost, but if CSW proves that he is Satoshi in this manner, I suspect that it will cause the value of BTC and BCH to plummet in the midterm; since many people don't care for him. Even if CSW just signs a message with one of the early coinbase private keys, it would likely have a negative impact on market value.

Exchanging crypto is arguably taxable in the US as well. But I did not see any note of that hypothetical in the quoted article.

If CSW were to sign a message using satoshi's keys, I might expect the following:
- Much gnashing of teeth, sound and fury, signifying nothing in the twitterverse
- BTC market reaction of "meh"
- Significant price appreciation for BCH
- The SV plan adopted by the majority of the BCH ecosystem.

SV is the real bitcoin and CSW is the real satoshi  Kiss  
full member
Activity: 504
Merit: 101
BTC Dominance: 57.2%
when flip?

next bull market? at this rate, maybe bitcoin will return to a higher percentage of bitcoin dominance til the bear market is over?
legendary
Activity: 2632
Merit: 2386
$120000 in 2024 Confirmed

LOL, did you read it?

Quote
Because they have apparently pre-minted billions of WHC tokens to themselves already (at a much more generous valuation
than the publicly-available 100 WHC to 1 BCH) and their new technology will use Proof of Stake,
not Proof of Work, the entire mining industry will disappear with Bitcoin.


He is saying Bitmain one of the world leading ASICS Manufacturers for PoW ,

Believes Proof of Stake is the Future instead of Proof of Work!






*Did anyone really believe Bitmain was supporting Bitcoin Cash with no sinister profit plan behind their support.*

Troll away. You are not believe in work but trolling only.

work? what's that?


legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight

Even if it is true, wouldn't there be a huge tax involved? Plus, whith a huge law suit pending, I don't think this would be a good move at all.

Why would a huge tax be involved? Wright is natively Australian. Currently residing in UK? I don't know anything about their taxation laws, but I do know some about that of the US. Being from common legal heritage, I might imagine (admittedly, with some ignorance) that these jurisdictions have taxation laws similar to the US. In the US, wealth itself does not require taxation thereupon. Only in executing a taxable event is a tax obligation incurred. Such as selling for fiat. Or direct purchase of items using the Bitcoin itself.

In Australia, the act of trading one cryptocurrency for another is a taxable event. https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia---specifically-bitcoin/?page=2#Transacting_with_cryptocurrency It is a taxable event in the UK too. https://blocktax.uk/guide/ Also, if Satoshi is moving his coins, people are going to take notice, especially the attorneys for the Estate of Kleiman. This would be a dumb move, all around. Also, the hopes that this would somehow bolster the market value of BCH is rather speculative. It may give a temporary boost, but if CSW proves that he is Satoshi in this manner, I suspect that it will cause the value of BTC and BCH to plummet in the midterm; since many people don't care for him. Even if CSW just signs a message with one of the early coinbase private keys, it would likely have a negative impact on market value.

Exchanging crypto is arguably taxable in the US as well. But I did not see any note of that hypothetical in the quoted article.

If CSW were to sign a message using satoshi's keys, I might expect the following:
- Much gnashing of teeth, sound and fury, signifying nothing in the twitterverse
- BTC market reaction of "meh"
- Significant price appreciation for BCH
- The SV plan adopted by the majority of the BCH ecosystem.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
I am interested in investing in True Satoshi Vision coin.
Can I just keep my BCH coins and wait for multiple forking,
so that I can receive many forked coins ?

It is a good strategy.
I think SV may flip BCH

SV is Bcash(BComm) time to lock this thread Wink gogo satoshis pink elephant

Time to lock trolls like you.
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
I am interested in investing in True Satoshi Vision coin.
Can I just keep my BCH coins and wait for multiple forking,
so that I can receive many forked coins ?

It is a good strategy.
I think SV may flip BCH

SV is Bcash(BComm) time to lock this thread Wink gogo satoshis pink elephant
legendary
Activity: 2086
Merit: 1282
Logo Designer ⛨ BSFL Division1
I am not interested in investing in True Satoshi Vision coin.
Can I just keep my BCH coins and wait for multiple forking,
so that I can receive many forked coins ?

It is a good strategy.
I think SV may flip BCH  Roll Eyes Tongue
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
Opening eyes?

The futute global blockchain will be no hobby project or dump turing comp.

https://twitter.com/TuurDemeester/status/1039583511710257152
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale

LOL, did you read it?

Quote
Because they have apparently pre-minted billions of WHC tokens to themselves already (at a much more generous valuation
than the publicly-available 100 WHC to 1 BCH) and their new technology will use Proof of Stake,
not Proof of Work, the entire mining industry will disappear with Bitcoin.


He is saying Bitmain one of the world leading ASICS Manufacturers for PoW ,

Believes Proof of Stake is the Future instead of Proof of Work!






*Did anyone really believe Bitmain was supporting Bitcoin Cash with no sinister profit plan behind their support.*

Troll away. You are not believe in work but trolling only.
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
Something again the whole market went down, it seems again new lows we will see very soon. I wonder where BCH price will stop?

To be honest nobody knows where is the stop and people will get relaxed. Maybe Roger knows what plan he has to provide support and make it stable on a level.

bcash r.i.p ~ long live satoshis vision fork! Smiley lol
Ano
sr. member
Activity: 1148
Merit: 253
Something again the whole market went down, it seems again new lows we will see very soon. I wonder where BCH price will stop?

To be honest nobody knows where is the stop and people will get relaxed. Maybe Roger knows what plan he has to provide support and make it stable on a level.
legendary
Activity: 2632
Merit: 2386
$120000 in 2024 Confirmed
BTC Dominance: 57.2%
when flip?
sr. member
Activity: 588
Merit: 251
EVOS
Something again the whole market went down, it seems again new lows we will see very soon. I wonder where BCH price will stop?
member
Activity: 364
Merit: 13
Killing Lightning Network with a 51% Ignore attack

LOL, did you read it?

Quote
Because they have apparently pre-minted billions of WHC tokens to themselves already (at a much more generous valuation
than the publicly-available 100 WHC to 1 BCH) and their new technology will use Proof of Stake,
not Proof of Work, the entire mining industry will disappear with Bitcoin.


He is saying Bitmain one of the world leading ASICS Manufacturers for PoW ,

Believes Proof of Stake is the Future instead of Proof of Work!






*Did anyone really believe Bitmain was supporting Bitcoin Cash with no sinister profit plan behind their support.*
full member
Activity: 357
Merit: 100

I don't think it is good news on this time , all market crypto decrease day by day ,but the bitcoin original still strong and it will make market  rise up on this month .
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
Jump to: