Crowdfunding Miners: The Speed Lane to Bitcoin Classic Activation?


An interesting proposal has surfaced on Reddit, detailing how Bitcoin should be used as it was originally designed and envisioned by Satoshi Nakamoto. That in itself is nothing new, but the idea of crowdfunding Bitcoin Classic miners for every block they mine on the network is something else entirely. If this concept came to fruition, there would be a big incentive for miners to switch to Bitcoin Classic mining pools.

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Incentivizing Bitcoin Classic Mining

It does not make much difference for miners to stick with a traditional mining pool, or switch to one supporting the Bitcoin Classic implementation. That is unless the miner is very passionate about what this alternative development branch aims to bring to the digital currency table in the coming months.

A new initiative is currently in the concept stage, which will bring crowdfunding to the Bitcoin mining landscape. A Reddit post mentions how Bitcoin Classic supporters could set up a fund, held in multi-signature wallets, to convince more people to mine Bitcoin Classic blocks on the network. At the time of publication, only three of those blocks had been mined, which is a drop

Read more ... source: TheBitcoinNews