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Roger See: “Taxes will destroy BCH”


In an interview with one of the infinite YouTube crypto channels, Roger Ver; The current CEO of stated that he did not agree to put his name on the controversial approach to stimulate the Bitcoin Cash (BCH) ecosystem.

BCH Infrastructure Financing Plan (IFP)

The original plan is known by the name of IFP, or rather the “Mining tax”. Such a plan would “force” crypto miners to donate a percentage of all block rewards to a new entity; which is a bit dark.

I did not sign this. There were definitely discussions, and I thought they were still at the table; when suddenly, this plan was launched as if I had signed it.

I do not think that my name has been put with the intention of staining it, but, I think it was just a bad communication; there were many time zones and different languages, Roger Ver said in the video.

This new rule will reportedly divert 5% of Bitcoin Cash (BCH) crypto mining rewards to support projects “Vital” for the advancement of BCH.

The strongest opposition to the IFP tax so far comes from Bitcoin Unlimited (BU), a version of the BCH protocol that runs on 692 of the 1,474 public nodes of Bitcoin Cash.

These taxes would corrupt BCH by introducing a fiscal policy without responsibility, discretionary and favoring projects with the right connections, and not really to those who need it, the BU team said. does not support it either

As expected, the important website; that has nothing to do with Bitcoin (BTC); issued a strong statement in which he says the plan needs a greater consensus of all the inhabitants of the crypto verse of Bitcoin Cash. “It is the only way that such a plan can succeed in the future.”

We will not continue to support any plan unless there is more agreement in the ecosystem so that the risk of a new Hard Fork is negligible, said.

According to the team on the website, commanded by Roger Ver, he has expressed his concerns that if this tax continues; it can generate a lack of agreement in the crypto ecosystem; and therefore a new hard fork.

Hash power migration?

One of the wonders of the Bitcoin ecosystem crypto is that the hardwares that can be used to undermine any crypto that has been a BTC hard fork.

This can serve as a double fixed weapon at this time. Well, experts have said that to continue this type of tax “without feet or heads”; It could generate a migration of computing power from BCH to Bitcoin Core.

Such a move could see the difficulty of mining Bitcoin experiencing a greater upward adjustment.

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Ernesto Briceño Leonett

Economics student of the UCV. Defender of individual freedoms and of course also of the market and cryptocurrencies.

Ernesto Briceño Leonett

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