Here's why Bitcoin ABC's 8% tax isn't just about funding

Bitcoin ABC's request isn't just about funding, and here's why :

• It deincentivize protocol development.

• It aims to make Bitcoin ABC the owner of the Bitcoin Cash blockchain.

I - It disassociates the funds with the development

Based on the products and services that companies want to build and provide, companies fund protocol development.

In contrast, Bitcoin ABC's request demonstrates its goals are not aligned with what the current funding companies (which are the true driving forces for mass adoption) want from the protocol.

II - Giving the Blockchain to a company

Bitcoin ABC's request highlights its desire to handle Bitcoin Cash like a privately owned blockchain.

Bitcoin ABC will have from that point the authority to do any other changes to the protocol, and "Bitcoin Cash" could then fairly be renamed "Bitcoin ABC".

III - Not part of the Roadmap

How come such a fundamental requirement from Bitcoin ABC be absent from the roadmap ? There are only 2 possibilities :

• It was planned but omitted. Bitcoin ABC waited to have further control over the protocol in order to attempt to own it.

• Bitcoin ABC seized this opportunity based on the power it acquired over time.

In both case, this isn't just a request : It is an attempt from Bitcoin ABC to take over the blockchain by abusing its current position. Bitcoin ABC has a position it would not have had, if it's intention of taking over the blockchain was known since the beginning.

It seems like Bitcoin ABC's benevolent dictator doesn't want to be benevolent any longer. Real leaders create leaders, the others want power and followers.

IV - The choices

There are two choices :

• Scenario 1 - Miners hand over the control of the Bitcoin Cash protocol to Bitcoin ABC, and blindly gives them money without any requirements.

• Scenario 2 - Miners create financial incentives enabling skilled and motivated developers to work on Bitcoin Cash, and reward them based on their progress.

First scenario :

This scenario is based on the fear of a split :

• Bitcoin ABC has no incentive to improve the protocol, because it will simply keep receiving free money.

• The miners have no incentive to finance the protocol, because they will have no decision capacity whatsoever.

• We'll just act like Bitcoin Cash hasn't been confiscated by Bitcoin ABC, and pretend everything is fine in La La Land.

Second scenario :

This scenario is based on the confidence that developers (other than Bitcoin ABC) are willing and capable of making protocol improvement :

• Developers have an incentive to improve the protocol, because they will be financially rewarded for their work.

• Bitcoin Cash miners have an incentive to fund protocol improvements, because mass-adoption will generate them persistent mass-income.

• Bitcoin Cash will prove once again that it isn't controlled by anyone.

V - This tax request is an error by design

The existence of an owner represents a point of vulnerability in the system, and Satoshi knew it. Furthermore, what is the point of decentralizing a network, if the running software itself is controlled by an owner ?

Bitcoin (Cash) is meant to be by everyone for everyone