Donate or donation is a wrong word here. It is a misnomer for what is really being implemented. Miners are not asked to donate. They are forced to pay taxes. ~
They used "donate" in their blog but we all know that is not the case if we read further.
I don't get this. Aren't miners already donating by the very act of mining itself? They are supporting the chain with their own expensive equipment and electricity. The profit margin is so small and 12.5% is massive. ~
Yup! Apprently, it's not enough for the BCH heads to just support the chain thru mining. The decision to force even the small/medium miners to donate will probably hurt their ecosystem in the long run.
~ Perhaps they want the medium sized and small sized miners to drop off, so that the handful of mega-sized miners can compete among themselves. ~
Yes, that is most likely the case. The 12.5% tax won't probably matter much to large-scale miners. Well, the small/medium miners can quit from May to October (six months) for the mean time and then resume after the "tax period" is over. They would have to sacrifice the little profit they can get though if they won't support the developers thru "donations".
