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

SOL Market Cap Hits $100 Billion as Possible Infinaeon Long-Term Price Targets Surge

The SOL price has surged to well over $200 as its market capitalization exceeded $100…

4 hours ago

Binance Coin Whales Reap Big Profits as Polkadot Struggles; A New Crypto Presale Is Dominating Investor Attention

BNB is already flashing signs of a bearish sentiment despite launching a new stablecoin while…

6 hours ago

Three Crypto That Surprised The Market: Rollblock, Cardano, and XRP

The crypto market is no stranger to unexpected twists. However, the recent performances of Rollblock,…

6 hours ago

As Bonk (BONK) and Pepe (PEPE) Shine, Rollblock (RBLK) Captures the Market’s Attention With Upcoming Reveal

Meme coins are back with a bang and are as insanely volatile as ever! Bonk…

6 hours ago

2024’s Top 9 Crypto Staking Platforms to Make Passive Income

Staking has become one of the most effortless ways to generate passive income in the…

9 hours ago

Qubetics, Algorand, and Near Protocol: Best Cryptos to Buy in November 2024

Qubetics, Algorand, and Near Protocol: The Best Cryptos to Buy in November 2024—Which One Is…

20 hours ago