I did some deeper analysis on the BCH "Developer Fund" prop…
I did some deeper analysis on the BCH "Developer Fund" proposal.
The short version: This proposal is designed to reduce competition in the BCH mining market. It is corrupt in every single way.
See this short article on the subject:
https://sym.re/E8KZxkd
Replies
What I don't share in the article...
12.5% less coins are forced to be sold on the market to pay for miner costs. All that is sold will be sold according to the "developer group's" whims.
This is also a scheme to artificially alter the exchange markets.
Up to 12.5% less sell pressure in the exchanges, while all of those coins go to "infrastructure development."
It's dirty, it's dishonest, it's manipulative as hell, but it's actually a brilliant scheme.
Too bad people are paying attention.
Thanks for this info!
True, but it almost appears as a masquerade with intention destroy BCH, or move all of BCH to another chain. Perhaps, there is more cohesiveness behind the veil than we are aware of.
BE AWARE: I HAVE CAUGHT AN ERROR IN THE CALCULATIONS
Still working through the corrections. Will update when I have done so.
The general conclusion doesn't change, but it lessens in severity.
And another correction: After reworking everything, I have to admit my conclusions here, when corrected for an error (which I have tracked down to the break-even calculation,) were incorrect.
After all effects are accounted for ceteris paribus, it's as suggested in the proposal post.
My error was in using the improper reciprocal for a specific calculation, thus skewing the numbers in the entire rest of the calculation sequence.
My apologies.
Sorry to report that I was, in fact, in error. See the other twetches in my thread for more details. Apologies for not being as rigorous as I ought to have been.
Don't thank me! It was a conclusion made in error due to a flaw in my calculations of the revenue models.
My apologies for not being sufficiently rigorous to catch my error before posting.