Bitcoin Cash Dev Tax Still Might Go Live Despite Roger Ver Revokes Support

Bitcoin Cash Community Mining
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
Jon Buck
Author Categories
About Author

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more

Bitcoin.com, an operator of a Bitcoin Cash (BCH) mining pool, said it will not support the so-called “dev tax” and will be working on another plan. However, some developers warn that the “dev tax” might still be implemented.

Source: iStock/cruphoto

“The dev tax is wounded, but not dead,” developer Peter Rizun, who is against the proposal, told Bloomberg. He pointed out that many key miners support the proposal, and could still implement it on May 15.

Meanwhile, Bitcoin.com, led by Roger Ver, stressed that “this is a great opportunity for developers to clarify what they need funding for, and provide the specific budgets and timelines they have for their work.”

According to the pool operator, any new proposal will need to have as many people of economic weight on-board as possible, including businesses, exchanges, miners, and Bitcoin Cash implementations.

As reported, Jiang Zhuoer, CEO of one of the largest mining pools on BCH, BTC.TOP, offered to direct 12.5% of mining rewards to support the BCH infrastructure over a six-month period. Zhuoer’s post included a threat to orphan the noncomplying BCH blocks (those blocks would no longer be included in the BCH blockchain, leaving a miner without the reward). Besides BTC.TOP, the proposal was signed by other large mining pools: Antpool, ViaBTC, BTC.com, and Bitcoin.com, until the latter revoked its support on Tuesday.

The response from the vast majority of miners was negative, including dramatic calls for a massive exodus from the coin. The main issue, according to the critiques, was based on centralization. Such taxes would quickly create a wholly centralized infrastructure for the coin, leaving miners voting out in the cold.

The average number of developers working each month on Bitcoin Cash-related projects declined 32% in the first half of 2019, or most of all other top cryptocurrencies, according to Electric Capital.

More Articles

Price Analysis
Will Trump’s Tariffs Boost Bitcoin: Down 5% Again
Arslan Butt
Arslan Butt
2025-02-08 14:39:24
Price Analysis
Solana Struggles: Price Down Almost 15% in a Week – Is It Time to Buy?
Arslan Butt
Arslan Butt
2025-02-08 13:22:54
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors