BCH developer fee explained: Tax or security?
The proposal to subsidize development with a 12.5% cut of miners' block rewards has seen mixed reactions from those inside and outside the BCH community.
The proposal to subsidize development with a 12.5% cut of miners' block rewards has seen mixed reactions from those inside and outside the BCH community.
The so-called “donation” is essentially a tax that all miners will have to give, and miners that fail to follow the new plan will have their BCH blocks orphaned.
Reorgs and orphans have been the subject of countless scare stories in recent weeks, some suggesting BSV is “faulty” or that user funds could be at risk.
In a new Medium post, nChain’s chief scientist Dr. Craig Wright asserts that orphan blocks are not flaws that need to be fixed.