RE: Our Bitcoins Will Be Taken/Frozen By the Miners; Involuntary INCOME Tax on Frozen Bitcoin!
You seem to be missing my point. You claim that miners will be taking BTC from their rightful possessors. Those persons whose BTC are stolen will report it. The first victim will scream bloody murder, and until they are satisfied their property is returned to their possession, they will not stop screaming. Even if law enforcement does not take action to end that predatory scheme, other BTC holders will learn of it, and will not avail their BTC to miners to steal. Further, NO ONE will buy those coins until the theft is no longer possible.
There will be no market for BTC stolen by miners after the initial confusion is resolved. Would you trade your hard earned fiat for BTC that are unable to be secure from theft that is ongoing globally at that time? No one else will either. In the event such theft is undertaken, the value of BTC will plunge to nothing, because there will be no market for it.
Until you grasp and integrate this into your projections, you will just be playing games with pretty numbers. None of them will mean anything, because you have not reckoned that people will not throw money at the miners stealing it from them.
This ^
@anonymint It seems like you are counting on the majority of miners to build of top of segwit stealing blocks and not ignore and continue on their own BTC fork, the own that doesn't steal.
Segwit was supported by 99% of miners signaling(bit 4) , at some point they wanted segwit2x but that still included segwit.
I don't understand the game theory of destroying Bitcoin by creating a fork that doesn't respect property rights and a large part of the history of Bitcoin.
I think today about 75% of new transactions are using Segwit addresses.
Please read and re-read all my comments in this comment thread. I hope I have now clarified all the necessary points?
Soft fork deception scamming is not value creation. It is a (soon to be failed) attempt at value destruction.
All the property rights of the economic majority are being protected and amplified by the legacy protocol restoration.
BTC is literally dead if this is ever to happen.
If 99% of people went on board with the deception soft-fork then it's not deception anymore it's the real deal.
You seems smart but did you had anyone technically knowledgeable like a core dev bothered to respond to your concern?