jbusma

As a holder of crypto, you are both a customer and an owner.

You pay a fee for each transaction you send, just like any other service. b

However, your holdings increase in value the more other people use the same chain because the value of the entire ecosystem needs to scale proportionally to the value people are attempting to transact across it.

Financial systems, like social networks, and most businesses coming out of SV rely on network effects for much of their value.

USD has been the default option for the world, and enforced through violence when people attempt to create their own networks of trade.

The positive sum value that cryptocurrency is attempting to create is the ability to send anyone in the world any amount of value (money or otherwise) not subject to government permission, or sabotage (ie money printing)

It's like any one being able to suggest a Federal Reserve policy, and the vote being handled by the people, not representatives or a committee.

It is revolutionarily democratic.

You would essentially "vote" with which fork you were choosing to acknowledge with your own node, should you be running one.

Also I'm fairly certain a majority of hashpower, not just users would need to be on board with the change.

You could argue that as the primary beneficiaries of such a change (increase cap => increased distribution to miners) they would be for it, but I think most rational actors see the catch 22 of trying to profit by removing one of the core attributes that makes bitcoin valuable (it's scarcity)

this is actually really cool!

thank you for sharing I didn't know something this critical had been found in recent years

Let's take a vote!

Who votes to increase the 21M cap, devaluing your own holdings?

Sir, it appears the nays have it..

Provided the security/asset is held for a year or more, it is taxed as Long-Term Capital Gains, and given quite the tax break.

It is even possible to pay 0% federal rate on sale of stock, I did it on my 2016 return.

Looking up Bezos' salary data, I'm wondering why chose to take a salary of ~$81,840

If he was under the $37,950 mark, his Long Term Capital Gains rate would have been 0%