This Bitcoin Fork’s Funding Proposal is Drawing Serious Criticism
$BCH implementing a 12.5% miner’s tax is hilarious and anyone not donating will have their blocks orphaned.Literally a centralized totalitarian regime with a 51% attack threat.”A Hong Kong corporation has been set up to legally accept and disperse funds”https://t.co/UsDIv2yEl4 — WhalePanda (@WhalePanda) January 22, 2020
Other comments from industry observer echoed the sentiment; “$BCH implementing a 12.5% miner’s tax, anyone not donating will have their blocks orphaned. Literally Bcash turned into a centralized protection racket crime syndicate.” The concern is that if a small group of centralized mining pools can levy a tax such as this and control the funds through a corporation what else can they do. At the time of writing Bitcoin Cash was trading down 4% on the day at $337. Is the BCH mining tax a good idea or will it lead to further centralization? Add your comments below.
Images via Bitcoinist Media Libary, Twitter: @WhalePanda The post appeared first on Bitcoinist.com.
source: https://bitcoinist.com/bitcoin-cash-mining-tax-proposal-angers/
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