BTC CEO Jiang Zhuoer and a cartel of other miners have suggested a 12.5% tax be imposed on the Bitcoin Cash (BCH) block rewards for the protocol development fees.
This is accompanied by a threat of orphan blocks for those who do not adhere to the payment and causing a general environment of type tipo centralized totalitarian regime ’, as one commentator:
The notion of a mining tax is very controversial, since the power to leave the blocks for not making the payment not only has centralized connotations, but can be equated to a form of sanctions in many aspects.
The biggest dangers of this implementation are the destabilizing effect of coercing miners to pay a tax on the advance of new blocks. Currently, this financing plan is supported by five groups that constitute about 28 percent of the BCH rate. If they manage to earn 51 percent, implement the soft-fork and enact this new tax, the other 49 percent becomes quite vulnerable.
Suddenly, a 51% attack is much more likely to come from a large BTC miner, which could end Bitcoin Cash altogether.
Big implications of the BCH miners tax:
In his post describes the proposed financing plan, Zhuoer is very aware of the controversial boundaries he is crossing, he says,
"Although there is some controversy among miners for directing the rewrites of the coin base [sic] to developers, it is undoubtedly a much better solution than the mechanism of a few corporate donors."
Zhuoer's opinion about corporate donors is that they end up having an undue influence on developers. In other words, it departs from the decentralized and democratic pillars that cryptocurrencies value so much. What he doesn't see is that this movement would create a similar centralized force.
A deadly blow?
The point is that, even with the democratic nature of the implementation of the rule changes, the fact that it comes with a coercive threat of abandoned blocks means that the remaining miners are being intimidated.
If Jiang Zhuoer of BTC.Top, Jihan Wu of Antpool and BTC.com, Haipo Yang of ViaBTC, and Roger Ver of Bitcoin.com take over the majority and implement the change of rules, the remaining miners would have to queue and pay the fee or leave the ship.
The biggest effect would be a massive destabilization of the mining ecosystem of the BCH, as the potential of many other bifurcations to counter it would also arise. In addition, it would not be surprising a massive reduction in the hash power of miners leaving the ecosystem.
If a mass evacuation occurs, it would be quite simple for a 51 percent attack against BCH to be launched, since it is not only easy and relatively cheap to carry out, but it would also be encouraged, as described by Litecoin creator Charlie Read:
The whole debate is made up. The miners could meet together and do exactly the same thing in a non-transparent way.