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Critics blast Bitcoin Cash mining tax as a hostile takeover

Critics blast Bitcoin Cash mining tax as a ‘hostile takeover’ – Decrypt

A proposed Bitcoin Cash development fund has sparked complaints that the network is at risk of a “hostile takeover” by powerful miners. On Wednesday, Jiang Zhuoer, CEO of mining pool BTC.TOP penned a new proposal to fund BCH development. The “short-term” strategy involves directing 12.5% of the BCH coinbase reward into a central fund located somewhere in Hong-Kong.