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Roger Ver will not endorse 12.5% BCH miner tax proposal

  • Ver has asked for more consideration and thorough planning regarding any proposal.
  • Meanwhile, Bitcoin ABC is proposing a new infrastructure funding plan, which reduces the tax rate to 5% of the block reward. Ver has called out for more consideration and thorough planning. 

The executive chairman of Bitcoin.com, Roger Ver, said that he refused to put his name on the original Bitcoin Cash miner tax proposal in January 2020.

I didn’t sign this. There was definitely discussions and I thought the talks were still ongoing when all of sudden this was released with my name at the bottom. I don’t think my name was released with the intention of getting one over on everybody. I think it was just a lack of communication, lots of time zones [and] lots of different languages.

After the proposal became public, Bitcoin.com stated that the plan required greater consensus within the BCH community to have any success. Amid this BCH miner tax issue, Bitcoin ABC issued a new infrastructure funding plan (IFP) recently. One of the highlights of the new plan is the reduction of the block reward tax from 12.5% to 5%. The Bitcoin ABC blog post noted that the new IFP proposal differs from the initial plan in two ways – the block reward tax via BIP 9 (Bitcoin Improvement Proposal 9) and the possibility of allocating funds to multiple whitelisted projects simultaneously.

Calvin Ayre, one of the main people behind Bitcoin SV, tweeted about Ver’s stance:

Look, Roger is not riding along, that is crap. He is behind this tax and pushing it forward and only wanting to make it look like he is meakly being lead along. This is a Roger Ver and Jihan Wu Tax But mostly a Roger Ver tax.

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