RE: Steem Consensus Witness Statement : Hardfork 0.23 (Codename: New Steem)

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Steem Consensus Witness Statement : Hardfork 0.23 (Codename: New Steem)

in witness-category •  5 years ago 

Note that some HIVE witnesses use the misleading word "airdrop", but it is a mere copy-chain so "snapshot" is the proper one.

This fork will not impact the Hive blockchain.

Also, this logic is legally flawed. Are you aware that a split or fork is legally a new asset?

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.

You are actually not legally entitled to receiving a new asset. Not to mention if you were, the appropriate thing to do would be legal action, not theft and seizure of other assets.

By the way, I have supported every proposal to airdrop Hive.

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