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BCH Funding Debate: Founder Suggests 2/3 Hash Vote and 6-Month Evaluation

Over the last few days, Bitcoin Cash proponents have been debating the Infrastructure Funding Plan (IFP) after Bitcoin ABC published an announcement on implementing the plan into the upcoming software release. Again the concept was met with mixed responses and the community has been arguing about the situation on forums and social media. Following the community responses to Bitcoin ABC’s blog post, founder Jiang Zhuoer published an updated version of the plan the following day.

Bitcoin Cash Infrastructure Funding Plan Discussions Continue as Jiang Zhuoer Publishes Update

Members of the BCH community have been discussing the latest information regarding the Infrastructure Funding Plan (IFP) after Bitcoin ABC told the public it would be implementing code for the plan in the 0.21.0 ABC software release. The plan had a few changes to the proposals discussed prior which included only 5% of the coinbase rewards, a BIP-9 like voting method with threshold, and funds that can go to “more than one project and can go to one of several in a whitelist.” The whitelist ABC came up with included donation addresses for a “General Fund, Bitcoin ABC, Electron Cash, and BCHD.”

Bitcoin Cash Infrastructure Funding’s executive chairman Roger Ver discussed the IFP subject on Youtube and had a number of objections and questions concerning the latest IFP update. On an r/btc forum post, Ver’s Reddit account stressed: “As it stands now, 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.” Following Ver’s statements, founder Jiang Zhuoer published another blog post on the platform called “BCH Miner Donation Plan Update Again.” Read More...