1. BCH12.5% miner tax proposal blocked: Roger Ver's Bitcoin.com withdraws support
Regarding the earlier proposal by Jiang Zhuoer to levy a 12.5% block reward on miners, Bitcoin.com published an article on Read.cash saying that it would not support the proposal unless a larger consensus was reached in the BCH ecosystem . The following is an excerpt from Bitcoin.com:
From the current situation, Bitcoin.com will not support any plans unless more consensus is reached in the ecosystem until the risk of blockchain split is negligible. We believe that the existing proposal does not have sufficient support, and we will work hard to come up with a plan that is good for all interested parties and retains the basic economics of BCH .
This is a great opportunity for developers to figure out the purpose of the funds they need and provide the specific budget and timetable for their work.
We believe that the lack of clarity is one of the main drivers of confusion and controversy across funding proposals.
We reiterate that any funding proposal must be temporary and reversible.
BCH's protocol development is an important temporary phase in preparation for global adoption, so financing proposals must be temporary.
The reason for the development funding discussions is that proper funding will strengthen the BCH ecosystem, but this must not come at the expense of the basic goals of BCH ( global , fast , reliable digital cash ). Bitcoin.com does not risk the division of the blockchain or changes in the underlying economy. To do this, any proposal needs to involve as many economically influential people as possible, including companies, exchanges, miners, and BCH software implementations.
The Block Hub reported on January 23 that BTC.TOP CEO Jiang Zhuoer issued a proposal to collect 12.5% of block rewards from miners for BCH development and ecosystem infrastructure establishment. The funds will be transferred to a Hong Kong company, and Solve non-following miners. The mining pool that was co-signed at the time accounted for 28% of the computing power of BCH, and Bitcoin.com/Roger Ver was also the signatory. The proposal subsequently caused controversy in the crypto communities at home and abroad. Ethereum founder V Shen considered this move to be a mandatory soft fork. Litecoin founder Charlie Lee thought it would induce BTC miners to conduct a 51% attack on BCH and cause more points. Fork, some cryptocurrency coffees believe that this shows that BCH is really centralized. Other disputes include the fact that the Hong Kong company receiving the funds is not a non-profit organization, has no voting procedures, and concerns that BCH development will be controlled by the company owner.
Read.cash's Bitcoin.com statement reads: "Please continue to share your views online. We will read them one by one." It seems to confirm the resistance to the proposal.
The data shows that Bitcoin.com's share of BCH's entire network computing power is based on different statistical time periods: 4.45% in the past 24 hours; 4.08% in 3 days; 2.62% in 1 week; 6 months Compared with 6.55%, the total percentage of computing power is not high. It is inferior to the three mining pools with the largest computing power in the entire network: BTC.TOP, AntPool, and ViaBTC.
