Bitcoin.com alleges in a statement that it prefers to retract its Bitcoin Cash mining tax proposal as there is no consensus.
Recall that last week, a group of Bitcoin Cash personalities proposed a 12.5% tax on mining activities, in order to finance the development of the network. However, the community's response was mostly negative to this idea and, in fact, even affected the price somewhat.
Well, today, one of the biggest representatives of Bitcoin Cash, Bitcoin.com of Roger Ver, wrote a statement in which he expressed that before the great rejection that exists, and the risk to a division of the chain, he prefers to back down his proposal .
Bitcoin.com statement on Bitcoin Cash mining tax
In the statement, Bitcoin.com argues, in principle, that it seemed that the tax or donation was a good idea:
The new developer financing proposal had an interesting start, to say the least! Although the conversation did not open in the most productive way, we are now having the conversations we need to have.
In any case, the turmoil in recent days is a reminder that these are difficult questions. How is development financed in a decentralized currency and what is the process by which we decide this and make it possible?
We participate in this process because we know that developer financing is an important problem to solve and that an adequate financing mechanism will help Bitcoin Cash continue to grow as fast and reliable cash for the world.
However, after these words, the statement expresses a new decision: It will not support the plan, unless there is consensus. Here his words:
As it stands now, Bitcoin.com will not continue to support any plan unless there is more agreement in the ecosystem so that the risk of a chain division is negligible.
We believe that it is clear that the existing proposal does not have enough support, and we will work towards a plan that is profitable for all relevant parties and that preserves the fundamental economy of Bitcoin Cash.
He adds that they believe that "this is a great opportunity for developers to clarify what they need financing for and provide the specific budgets and deadlines they have for their work." Highlights:
We believe that the lack of clarity in this is one of the main drivers of confusion and containment around the various financing proposals.
Clarify what Bitcoin Cash needs money for
He also says that it is necessary to clarify what the money is required for:
In business, you don't start with a pot of money and then discover something that has to do with it. Start with an idea of what needs to be done and then allocate funds to achieve it. This makes all parties involved more responsible and more efficient.
Developers who need financing should develop clear financing proposals soon and publicly before any specific proposal is agreed.
Similarly, miners and companies must make it clear to developers what they need to make Bitcoin Cash more valuable for their business. This type of discussion is the only way any financing proposal should begin
He believes that when there are specific numbers “new financing possibilities may be opened or that the community is more receptive to one of the existing options”. And adds:
We reiterate that any financing proposal must be temporary and reversible.
He says that "the development of the protocol in Bitcoin Cash is an important time phase to prepare for global adoption and, as such, a financing proposal must be temporary."
A permanent proposal would indeed be a white letter on development and would encourage “development for the sake of development,” which would nullify the purpose of fundraising and is totally against what the goal of the entire ecosystem should be. Bitcoin Cash: Quickly create reliable digital cash on a stable, largely immutable and economically sound Bitcoin protocol.
Remember that the goal is global, fast and reliable digital cash.No proposal should put this objective at risk.
Discussions will follow
Finally, in the statement, Bitcoin.com makes it clear that “the reason they have problems after financing is because adequate financing strengthens the Bitcoin Cash ecosystem, but cannot reach the expense of compromising the fundamental objectives of Bitcoin Cash. "
But he doesn't want a division of the chain:
Bitcoin.com does not correct the risk of a chain division or a change in the underlying economy. To do this, any proposal will need to have as many people of economic weight on board as possible, including businesses, exchanges, miners and Bitcoin Cash implementations.
This statement is not a final word, as read in the last line of it:
We are excited to continue the complications.
Fuente: Bitcoin.com statement
You should use "block quote" for quotes. It looks much better.