RE: Quick comparison of 22.8888 and past events (22.2, 22.5, 23("HIVE" fork))
Hello, a forked blockchain is considered a new asset in accordance with the taxation rules of the IRS:
The IRS classifies cryptocurrency splits as "airdrops" and as taxation events. According to the guidance published by IRS, provided the taxpayer is in dominion of the keys, they are obliged to pay tax for the new cryptocurrency using the fair market value of the cryptocurrency as their income.
Source: https://en.wikipedia.org/wiki/Fork_(blockchain)
Therefore, it is perfectly acceptable to consider HIVE a new asset since it is considered a new asset for the purposes of taxation by the largest and most dominant tax authority in the world. I'm assuming most other countries that have a tax policy on cryptocurrencies have a similar policy.
I understand people didn't give permission. However, if one logs into Hive to do anything (the keys were not changed), this would be considered as acceptance of the airdrop.
Whether or not blockchains can be copied is irrelevant since it is public and open source and by its nature, it is constantly copied. In anycase, you remain entirely in control.
Do you have any substantial counter-argument?
Or are you just saying it's unfair because not everyone got the airdrop? I'm unaware of any legal sources saying this is not allowed or if it affects anything.
Fork (blockchain)
In blockchain, a fork is defined variously as:
"what happens when a blockchain diverges into two potential paths forward"
"a change in protocol" or
a situation that "occurs when two or more blocks have the same block height"Forks are related to the fact that different parties need to use common rules to maintain the history of the blockchain. When parties are not in agreement, alternative chains may emerge. While most forks are short-lived some are permanent. Short-lived forks are due to the difficulty of reaching fast consensus in a distributed system.