Does BCH FUD Make It BULLISH? Bitcoin Cash Halving, Developer Fund Tax

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On January 22, 2020, it was announced that a funding plan (the “Mandatory Funding Plan”) had been privately agreed upon by the BCH Mining Group and will be implemented on May 15, 2020 in conjunction with the next protocol upgrade of the BCH network.

It was stated the Mandatory Funding Plan is proposed because BCH protocol developers do not have sufficient funds to support their continued infrastructure work; as a result, the BCH community has been discussing how to pay for the sustained protocol development work needed for the BCH network.

The BCH Mining Group announced that the Mandatory Funding Plan is intended to last 6 months, until November 15, 2020, and will divert approximately USD $6 million worth of BCH coins from miner block rewards to a new Hong Kong corporation which would then provide funding to BCH developers.

No details have been provided about who controls this new Hong Kong-based corporation or who will decide how to spend the BCH coins raised from the 12.5% forced contribution by miners.

Roger Ver and TAAL, a Canadian mining firm have withdrawn their support from the Developer Tax Proposal for Bitcoin Cash.

Also Bitcoin Cash Halving is Around the corner and because of high fee and low reaward many are expecting BCH chain to become much weaker.

However Dobe4Ever, a BCH supporter thinks the market will act contrary to the sentiment, believes this is all just FUD and great gains are expected from BCH and said to us "I find probable that BCH would be half of the price of BTC in the coming bull market"

References:

Hash War Looms as Bitcoin Cash Tax Drama Explodes
https://www.ccn.com/hash-war-looms-as-bitcoin-cash-tax-drama-explodes/
THE BITCOIN CASH ‘DEV TAX’ IS A COLOSSAL MISTAKE

Why the Bitcoin Cash ‘Dev Tax’ is a Colossal Mistake


Bitcoin.com withdraws from Bitcoin Cash proposal to divert part of block rewards to dev fund

Bitcoin.com withdraws from Bitcoin Cash proposal to divert part of block rewards to dev fund


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

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

Canadian Mining Firm Publicly Rejects Bitcoin Cash Tax Plan


Bitcoin Cash Halving
https://www.coingecko.com/en/explain/bch_halving
BCH halving FUD


Dobe4Ever is bullish on Bitcoin Cash predicts $4k BCH


Litecoin Mining Tax?

Blockchains, miners and taxes: methods to finance growth?


Zcash to terminates the old Founder’s reward model
https://cointelegraph.com/news/zcash-community-approves-new-mining-reward-distribution-scheme
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Does BCH FUD Make It BULLISH? Bitcoin Cash Halving, Developer Fund Tax

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16 comments

  1. Hello! Many thanks! Good review, useful and interesting information on your cryptocurrency. I liked her. Energetic
    good supply of material, interested. Do you know about the cryptocurrency PRIZM (PZM) If you wish and the opportunity, write. If you know what you think about her, your opinion and prospects for its development. This is a Russian, popular, decentralized blockchain-based coin created, as a global international payment system with fast, cheap, secure transfers from user to user without third party participation. The highest level of security and system security. PRIZM has official registration as a computer program. This is a very simple and understandable coin. For it you can purchase various goods and services. This is what sharply raises reliability of investments in prizm.

  2. Mining money goes to miners, proof of work. Developers can mine and develop on the side and figure out how they make money. I only see developer tax being the crypto version of failed bureaucracy.

  3. Bitcoin Cash – Whatever goes around comes around. Just saying. I would put the Zeus Starter kit to use.

  4. Bitcoin2 is now $2.28ea better hurry before it’s too late. BTC2 is undervalued and can be purchased on Crex24 and Birake exchange. Stack💰💰 and 😎 going to the 🌙 HODL

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