Bitcoin.com Decides to Withdraw Support For Bitcoin Cash Soft Fork

Roger Ver’s mining pool Bitcoin.com has decided to withdraw from the proposed soft fork, which was intended to divert 12.5% of the Bitcoin Cash (BCH) block reward to the development fund.

In a January 28 announcement, Bitcoin.com stated that it 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.”

“Bitcoin.com will not risk a chain split or a change to the underlying economics. In order to do this, any proposal will need to have as many people of economic weight on-board as possible, including businesses, exchanges, miners, and Bitcoin Cash implementations,” the announcement stated.

The withdrawal came as a reaction to the community’s unwelcoming comments about the Bitcoin Cash soft fork. The news cited several community members, who opined that it is easier for large holders to donate the necessary sum, than charge it from miners:

“Just six large holders each with 100,000 BCH can contribute $1 million each, 3% of their holdings each, and the mining tax proposal’s amount will be matched. They can do it every year and still come out with a huge profit, assuming the scaling benefits propel BCH to match today’s ETH market capitalization several years later.”

Last week, CEO of the BTC.TOP mining pool Jiang Zhuoer announced, that a soft fork is developed to support Bitcoin Cash developers. He warned, that blocks which will reject the proposition will be orphaned.

At the time of the soft fork announcement, the signators of the proposition, Bitcoin.com, Antpool, BTC.com, and ViaBTC collectively accounted for less than 25% of BCH hash rate. Bitcoin.com accounts for approximately 0.39% of the total Bitcoin Cash hash rate.