Bitcoin.com and Roger Ver has already announced a $200 million USD development fund for the BCH community. This IFP proposal is coercive, reminiscent of terrible things that derailed BTC, wildly unpopular, and is clearly not about the money.

The title says it for the most part. So in 6 months, this IFP was to initially raise $6million USD at 12.5% taxation, also known as theft.

So now we are at 5% on the modified, yet still coercively taxed (theft is a synonym of tax), highly controversial, poorly dictated, easily exploitable by flip-flopping SHA-256 bad actors towards BCH, which would yield...what? ~$2.75 million USD over 6 months to fund, as the IFP proposes to the least able, most inefficient, arbitrarily and nepotistically selected "whitelisted" of developers? Who exactly dictates this whitelist, and what are their credentials? Some anonymous corporation in Hong Kong? I've got nothing against Hong Kong, and a lot of respect for their population in their ongoing struggle against Beijing, but is this really how we spread the message of p2p cash for the human race?

Bitcoin Cash is true to the Bitcoin white paper and needs very little more "dev" work after Cash Fusion is consumer ready. It only needs adoption. It is consumer-ready.

Roger and company and Bitcoin.com are bringing $200 million to the table in the near future for dev's to contact them, pitch the plan, and be accepted for funding or not, which is not quite 100 times greater, without coercion, completely benign, and avoiding potential hard forks.

This is how free markets work. Not tyranny of the slight majority leading to inefficiency, divergence, and failure, but individuals acting in the interest of others, because that is in their personal, highest self interest.

This IFP is a disaster any way you look at it.

submitted by /u/bolognapony234
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source https://www.reddit.com/r/btc/comments/f5jejk/bitcoincom_and_roger_ver_has_already_announced_a/