I don't consider myself to be of high importance in this space, but a few people have asked me about my thoughts on this topic. Perhaps I'm a bit late to the debate. If you believe I am, and don't want to hear yet another article about this, then move onto the next article on this site.

I would like to start off and say I do not mind the concept of a coinbase reward going to protocol developers. As long as the developers are active. This means I dislike the concept of a coinbase reward going to "protocol developers" if they are not active. With that said, the Bitcoin Cash protocol developers are very active, so they deserve it. It should also not be forced in. When it is forced in, it becomes something like a tax.

Unfortunately, the current proposal does exactly that. I feel the planned execution could have been so much better.

Orphaning blocks that do not comply is a huge issue for one. You can say that this is "Nakamoto Consensus" in action, which it is for the most part. But the key part of Nakamoto Consensus is that it only works if the majority of nodes are acting in a cooperative and non-malicious manner. Many people in the community see the act of orphaning blocks of miners that do not agree to your wishes to be a threat.

Next, we have the shady Hong Kong company where 12.5% of the coinbase reward will be sent to. Many people see this as an issue as we now have to trust that the company will do what they say they intend to do. This part could be solved by simply having the direct addresses to protocol development teams in the coinbase transaction outputs. Pre-plan the distribution amounts for each team, just like you did with the initial funding plan to begin with, and exactly what teams that would be funded. Then, pay them directly in the coinbase transaction.

Use the blockchain to your advantage, people.

Finally, the people attempting to discredit the opposing side in this debate by saying "anyone who is calling it a tax is dishonest and should not be trusted" can be discredited themselves, as most of the people saying this have a financial incentive to discredit the opposing side, due to the coinbase rewards potentially going to them if this plan were to be put in action.