I’m not on Twitter because of #MarchOffTwitter but this was shared in a group of Bitcoin maxis I’m in…
Let’s see how Monday evolves. “Then they fight you…”
Discussion
Can the first amendment protect BTC miner from the outrageous tax?
If not, then Lowery approach on usin 2nd amendment to defend Bitcoin have to be the way like it or not
14th Amendment. If the government allows Amazon to encrypt their customer databases using SHA256 on AWS servers in the US, then they cannot disallow me from encrypting a database on my own s9.
What uses of electricity are permissible under the law? If they are going to tax me for running a simple hashing algorithm, I want all owners of PS5s to pay the same tax. It's a waste of electricity to game.
I'm not that familiar with US tax law. But isn't there occupational taxes and license tax? Wouldn't tax on miner can be considered the same as that.
As an occupation may be taxed on a fixed dollar amount per license, while other occupation tax is based on a percentage of a revenue.
I don't believe those are federal. I believe they are local. Further, lawmakers would have to justify why using the same algorithm to do activity X requires no taxes but using it do activity Y requires taxes.
This ☝️
But taxing an activity is not disallowing the activity to occur. They are not the same
I think Jason’s theory is brilliant, despite not liking it. Looking forward to reading the book and know more.