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replied 1954d
Looks to me like a hostile takeover, highly controversial.
replied 1954d
Miners want to force us to use the block reward for development instead of for hash security. The current plan is 12% to go to a Hong Kong company that will definitely not steel the
replied 1953d
No one is forcing us to do anything. Miners are forcing themselves to use their reward to fund development.
replied 1953d
Miners will mine BCH less so it's no longer their reward. It's inflation of our coins no longer going towards security.
replied 1953d
Not sure how you come to that conclusion. Especially wince it was something they were proposing paying from their BTC mining.
replied 1953d
That's what I'm telling you. It's not what they are proposing.
replied 1952d
It is what they were proposing. Also, it seems it won't go through anyway. That said having miners funding development isn't a bad idea. At least having them contribute.
replied 1952d
They are proposing to lower the mining profitability, not to mine at a loss. It wouldn't have been the mining funding the devs, you are mistaken.
homopit
replied 1953d
Calm down a notch or two. Forcing us? Are you mining? I don't think so, because you said "miners" not "other miners".
replied 1953d
When we lose network security, we the users are the ones harmed by this practice.
homopit
replied 1953d
Where were you when the security was at 0.028? Check this - BCH gained security.
replied 1953d
I don't care much about the lowered security, but it's false the money is coming from miners what do ever. Also it's a very bad precedent to allow them to redirect inflation.
replied 1953d
We are, and have always been extremely low in hash rate compared to BTC. This will only make things even worse.
replied 1953d
The money are not coming from miners. It's from inflation, as always. Miners will mine less because of the lower profit, so they are losing astutely nothing.
replied 1954d
money.