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chalbersma
replied 1526d
I mean tax is a nice way to describe it. It would be more accurate to call it protection money.
replied 1525d
Wrong. Tax is coercive and threatens with prison if one refuses to participate. This is nothing like that. This is a cartel agreement between competing miners for a limited time.
chalbersma
replied 1525d
Calling it a cartel **is** more accurate. But make no mistake, this protection money is coercive.
replied 1525d
No it is not. This is not a government cartel.
chalbersma
replied 1525d
Coercive actions don't require governments.
replied 1525d
Cartels do not live long lives in a free market.
chalbersma
replied 1525d
It should be noted that one of the failure scenarios for this cartel is one where it takes BCH down with it.
replied 1525d
It is not in the miners interest to take BCH down. That is the whole point.
chalbersma
replied 1525d
But they are in danger of doing so with this move.
replied 1526d
Lol do you even mine?