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Major Bitcoin Cash Pools Force 12.5% Mining Tax on Community

From cointelegraph.com

Leading Bitcoin Cash (BCH) personalities, including Bitmain CEO Jihan Wu and Bitcoin.com CEO Roger Ver, proposed on Jan. 22 an “infrastructure funding plan” that would see miners donate 12.5 percent of all block rewards to a Hong Kong entity. Many in the community turned harsh critics of the proposal. The fund would be used to promote Bitcoin Cash development, which the miners argue is a “far better solution” than having independent “corporate donors,” such as the Blockstream company for Bitcoin (BTC). The initial funding would be activated in May 2020 and run for six months. The expected revenue, based on current ... (full story)

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