Leading Bitcoin Cash personalities, including Bitmain CEO Jihan Wu and Bitcoin.com CEO Roger Ver, proposed on Jan. 22 an "Infrastructure funding plan" that would see miners donate 12.5 percent of all block rewards to a Hong Kong entity.
Many in the community turned harsh critics of the proposal.
The fund would be used to promote Bitcoin Cash development, which the miners argue is a "Far better solution" than having independent "Corporate donors," such as the Blockstream company for Bitcoin.
Published by the CEO of the Btc.top mining pool, Jiang Zhuoer, the post revealed that the proposal is supported by Jihan Wu, who controls the Antpool and BTC.com pools; Haipo Yang, from ViaBTC; and Roger Ver, CEO of Bitcoin.com.
One of the more controversial aspects of the proposal is a stated willingness to "Orphan" blocks of miners who do not comply.
Many in the Bitcoin Cash community criticized the decision for a number of reasons.
The absence of any kind of voting procedure would mean that the owners of the company would have control over all Bitcoin Cash development, the community argues.
Profitability issues were also mentioned, as the "Tax" would directly affect the amount of revenue going to miners.
Amaury Séchet, a Bitcoin Cash developer, defended the proposal arguing that due to the nature of mining, it is not compulsory.
In the AMA, Zhuoer gave vague answers to questions of governance, saying that those details "Are under discussion." But he reiterated that, even though the details may change, the mining tax will still be introduced.
Major Bitcoin Cash Pools Force 12.5% Mining Tax on Community
Udgivet den Jan 24, 2020
by Cointele | Udgivet den Coinage
Coinage
Nævnt i denne artikel
Seneste nyheder
Se alt
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.