RATE Group | Roger Ver’s Mining Pool Pulls Support for Bitcoin Cash Dev Fund Over Chain Split Threat
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Roger Ver’s Mining Pool Pulls Support for Bitcoin Cash Dev Fund Over Chain Split Threat

28 Jan Roger Ver’s Mining Pool Pulls Support for Bitcoin Cash Dev Fund Over Chain Split Threat

Posted at 16:12h in Bitcoin News by

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Mining pool Bitcoin.com will not now support the controversial bitcoin cash development fund proposal without broader agreement from the community.

In a blog post published earlier on Tuesday, Bitcoin.com said it would no longer back the existing plan for a dev fund unveiled last week by the CEO of mining pool BTC.TOP, Jiang Zhuoer.

“Bitcoin.com will not risk a chain split or a change to the underlying economics,” reads the Bitcoin.com blog post. “Any proposal will need to have as many people of economic weight on-board as possible, including businesses, exchanges, miners, and Bitcoin Cash implementations.”

Last week’s proposal, which was signed by Roger Ver, executive chairman of Bitcoin.com, as well as Jihan Wu of Antpool/BTC.com and ViaBTC’s Haipo Yang, called for a 12.5 percent share of the block reward to be redirected to a new zcash-style development fund. At the time, the group said it could fund long-term development and give ecosystem members a role in deciding which…

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