Bitrue is now supporting community stakepools for Cardano ADA, with an initial 1,000,000 ADA delegation to the lovelacepool1 stake pool. This act contributes to the grassroots effort of maintaining and furthering the decentralization of the network.
The community felt that this is a true testament to the quality of single pool operators in Cardano which can support institutions that aim to support the grassroots community and utilize decentralized technology.
Several members approve that this is an excellent move by the exchanges moving forward with staking helping the Cardano Community.
For clarity, Bitrue is the exchange that provides digital asset management platform for Bitcoin, Ethereum, XRP and more. Investments, loans and trades all happen in one place.
The questions answered by the Cardano Community: Why is Bitrue Official staking with lovelacepool1? We felt is was our responsibility as an Exchange to contribute to the centralization of the ecosystem.
Are you open to staking with other Pools going forward? In the future, we’re open to expanding into other Pools – more information to come in the future.
Jeremy Firster stated that this milestone shouldn’t be underestimated. He pointed to how BitrueOfficial is a shining example of how exchanges can support the Cardano Ecosystem.
Charles Hoskinson expressed, “Do you guys understand what unrealized gains actually mean? No, the wealth tax people never have nor ever will.”
This Charles Hoskinson stated in response to the Secrete IRS Files: ProPublica has obtained IRS data on thousands of America’s wealthiest people, providing an unprecedented look inside the finances of titans like Jeff Bezos, Elon Musk, Warren Buffett, Bill Gates & Mark Zuckerberg.
The current highest tax rate in America is 37% for couples with combined income above $628,300, but our analysis shows how the ultrarich effectively sidestep this system.
Rather, these IRS records show the wealthiest can—perfectly legally—pay income taxes that are only a tiny fraction of the hundreds of millions, if not billions, their fortunes grow each year.
The records show not just the income and taxes paid by these multibillionaires, but also their investments, stock trades, gambling winnings and even the results of audits.
For example, in 2007 Amazon founder Jeff Bezos paid $0 in federal income tax, even as his company’s stock price doubled, increasing his wealth by an estimated $3.8 billion.
What’s revealed demolishes the cornerstone myth of the American tax system: That everyone pays their fair share & the richest pay the most.
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