Roger Ver’s Bitcoin.com Withdraws From 12.5% Developer Fee Proposal

Bitcoin.com, owned by Roger Ver, withdrew its support for a proposal that would coerce miners to divert 12.5% of the Bitcoin Cash block reward to a development fund.

Bitcoin.com Backs Out of Forced Development Fund

“As it stands now, Bitcoin.com will not go through with supporting any plan unless there is more agreement in the ecosystem such that the risk of a chain split is negligible,” said Bitcoin.com in a blog post.

The decision is presumably a response to heavy criticism. Bitcoin Cash supporters say there are less coercive ways to raise development funds. Bitcoiners used the proposal to call out Bitcoin Cash’s centralization.

“We think it is clear that the existing proposal does not have enough support, and we will be working to come up with a plan that is profitable for all the relevant parties and which preserves the fundamental economics of Bitcoin Cash.”

Roger Ver himself has not yet publicly commented on the matter.

The Mining Cartel’s Proposal

The proposal was…