Crypto

Roger Ver and Bitcoin.com Back out of the Bitcoin Cash Mining Tax

The Bitcoin Cash miner tax proposal has not gone over too well with the community. Even Roger Ver is backing out of this potential change, which was somewhat to be expected. 

A few days ago, there was a proposal to introduce a Bitcoin Cash mining tax.

The Bitcoin Cash Tax Proposal Won’t Work

Up to 12.5% of every mined block would be sluiced to a development fund for this Bitcoin fork.

It did not take long for the community to revolt.

Even people who are not involved with BCH were not too amused by what some people seemingly wanted to orchestrate.

It now appears that this proposal may be losing key supporters already.

Related Post

Roger Ver, the “public face’ of Bitcoin Cash, confirms he is no longer behind this idea.

An interesting development, as the funding for BCH needs to be addressed in one way or another.  

In fact, the mining pool owned by Ver – Bitcoin.com – will not support this proposed change either.

The team confirms how “ore agreement in the ecosystem is needed prior to making drastic changes”.

A smart way of distinguishing oneself from a plan that could have caused the Bitcoin Cash community to splinter.

AS things stand right now, it remains to be seen how the other pools will respond to this sudden change. 

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

TRON Leads All Blockchains in November Fees as Perpetuals Trading Surges 271%

TRON ended November as the top blockchain by fees, extending its dominance in payment infrastructure…

23 hours ago

Prediction Markets Hit New All-Time Highs as November Volume Surges to $14.3B

Prediction markets just locked in another breakout month. November closed with $14.3 billion in total…

23 hours ago

Trust Wallet Launches Native Predictions: A New Era for On-Chain Betting

Trust Wallet is stepping into a completely new lane. The CZ-owned self-custody wallet has launched…

2 days ago

Kraken Acquires Backed to Supercharge Tokenized Equities as xStocks Enters Its Next Phase

Kraken has announced the acquisition of Backed, the tokenization platform behind some of the fastest-growing…

2 days ago

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live, Sparking Massive Buyer Rush

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live,…

3 days ago

Europe Takes Down Cryptomixer: A $1.4B Bitcoin Laundering Machine Falls After Eight Years

Europe just shut down one of crypto’s longest-running shadows. Germany and Switzerland, backed by Europol,…

3 days ago