Quote from: JayJuanGee on May 01, 2024, 08:10:35 PM

Quote from: ultrloa on May 01, 2024, 09:56:22 AM

Quote from: Adbitco on April 29, 2024, 10:35:35 PM

Quote from: seoincorporation on April 23, 2024, 12:52:13 AM

He is not looking to kill it, he is trying to impose the DAME tax, DAME means Digital Asset Mining Energy, and the idea is to start with this tax from 10%, then 20% in the next year and 30% on the 3rd year.

So, the plan isn't to ban the mining, but with those huge taxes, no one will want to mine there. Is not a good business. But i don't think congress will let that tax come to live, and if it does, they will stop it before the 3rd year, because other way people will start creating illegal farms.

Don't you think people who are mining bitcoin don't mind relocate to the country that is more favorable because I believe this isn't the sole purpose because for him to keep increase tax every single year shows that it's indirect killing therefore when it's much on people those who don't find it favorable don't quitting, and if he sees that people still instigating then he would have to turn the other way round just to make sure he entirely eliminate it.

Its like he say it take it or leave it since you don't have a choice since I am the one who have authority to implement something that I like to happen. That's why I think maybe its good for miners to leave on a country that doesn't give any favorable chance to do a legal business. There should be a country that best accept this operation and for sure for migrating they can escape those heavy regulations made by those abusive government.

What they do is somehow power tripping since they really want to eliminate some industry that they maybe don't understand or hard to control that's why this people throw up something bad implementation and leave those people doing good business no choice but to swallow what they want even if this is against on their will.

I am not going to claim to be any kind of a hard politics expert, but sometimes the legislation and/or policy proposals can be considered as a kind of negotiations position, and yeah, many of us know that the US Govt has tendencies to act like bullies, and that posturing has probably gotten worse and worse and worse over the years, including that it is a kind of way to project power, but at the same time some of the power projection attempts are not able to be successful in terms of either being put into an actual policy or even having abilities to enforce - while we also know that divide and conquer kinds of enforcement is not an uncommon practice.

Yeah hard to say some word about them since maybe we will get in trouble for expressing ourselves towards them but obviously we can really see how they take action on some industry they want to control and they usually make those people think that they don't have the choice to follow their orders since they are more powerful than those normal businessman who operates in their country. That's why sometimes it always came up on my mind that its better for those businesses which have been put on heavy pressure by US government to leave that country since there are lots of countries can accommodate them and they are free to run their business without worrying that they might get hit again by bully government officials. People are just afraid but they need to step up on this since they will not get good justice if this people will be silent on what their government act towards those industries that they want to manipulate. But I know this is hard since they are so powerful and they can easily eliminated if government will drop unfavorable judgement or decisions towards them.