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BCH miner donation plan update again

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Avatar for Jiang_Zhuoer_BTC.TOP_CEO
4 months ago
  1. It will start by the hash voting, if 2/3 of network hash agrees, the donation plan will be put into effect. (I believe the miners have right to vote on how to spend their output).

  2. For the 5% of the coinbase donated by miners, the miners shall have the option, at their sole discretion, to select a number of donation objects, such as: General Foundation, ABC, BCHD, Electrion Cash.  

  3. The donation plan will last for 6 months (as one version is valid for a maximum period of 6 months). I suggest that we stop the fund raising after 6 months, and we may restart it eventually to prevent it becoming a permanent rule.  

  4. There are numerous objections now, I am inclined to start the donation plan after that the community reaches a basic agreement. If they fail to achieve it, we could set up the General Foundation first, let’s see its operation effect funding by donation, then we could proceed the hash voting next time.

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Comments

Good. Miners finally growing some balls

$ 0.10
4 months ago

Let's see the vote!

$ 0.10
4 months ago

Little piece of advice for you: you don’t need a protocol change to donate money to developers.

$ 10.11
4 months ago

I think it's a sound thing, in theory, to use miner signalling for this. However, in practice we have a severe problem with switch miners and are a relatively small minority fork.

If a miner with an interest to do damage were to wait for a switch mining session and join just before the other miners do (slightly unprofitable), they have the ability to produce a very large number of blocks in a very short time. Possible dictating the signaling activation.

$ 0.00
4 months ago

thats why the BMP is designed to treat all SHA256 hashrate equally

$ 0.00
4 months ago

Thank you for this update and keeping the communcation alive.

I have put some of my thoughts in response in an article.

$ 5.01
User's avatar freetrader
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4 months ago

Thank you for staying on top of this and providing us updates. I love to hear your opinion!

$ 0.00
4 months ago

further improvements:

  1. the whitelist should be dynamic
  2. there should be an option to pay dividends (coin burning), in case the miner does not like any of the projects on the whitelist

details here: https://read.cash/@micropresident/on-bitcoin-cash-development-funding-7887d09d

$ 0.00
4 months ago

在社区没达成共识的情况下Amaury就迳行把这方案写入了全节点的程序中,惹了眾怒,使得支持锐减; 若要在此情况下仍然推行,可能造成社区及链分裂,请三思。也请认真考虑Bitcoin-ABC是否真的值得支持。

$ 10.01
4 months ago

"When the community did not reach a consensus, Amaury rushed to write this solution into the full node program, which caused public outrage and sharply reduced support; if it is still implemented in this situation, it may cause community and chain division, Think twice. Please also consider carefully whether Bitcoin-ABC is really worth supporting."

$ 5.01
4 months ago

I think if Bitcoin-ABC is worth supporting should generally be out of question since they deliver the most part of our infrastructure software... it should only be a question of how to support them

$ 0.00
4 months ago

Stop trying to source funds by messing up the protocol.

Just do it off-chain!

$ 0.00
4 months ago

Do you suggest to go forward with the IFP for now, then reconsider after 6 months?

Or do you suggest instead setting up a fund for donation from the public for now?

See also https://www.reddit.com/r/btc/comments/fbwq2w/after_that_the_community_reaches_a_basic/

$ 0.00
4 months ago