It will be implemented in the forthcoming 0.21.0 release of the Bitcoin ABC software that is expected to take place on May 15. The protocol change has to be activated by miners via BIP9.
Issuing money for developers
The major difference in his proposal is the reduction of the developer tax to 5 percent (the original amount was 12.5 percent). The rationale behind taking a sizeable chunk of miner rewards is the necessity to develop the software infrastructure of Bitcoin Cash.
“As a project, Bitcoin ABC believes that stable funding of Bitcoin Cash software infrastructure is vital to the success of the project.”
Those funds will go an opaque list of whitelisted projects, which might be the second most controversial thing after the tax itself.
According to Peter R. Rizun of Bitcoin Unlimited, Séchet plans to modify the protocol to mint coins for himself, calling his proposal “a poison pill.” If exchanges move forward with his plans, the coin could be “captured” by third parties.
1/2 Amaury Sechet is literally modifying the BCH protocol to issue coins to him and his friends. Due to the poison pill, miners and exchanges must upgrade before May 15. If they do as usual and download the new version of ABC, his plan succeeds by defaulthttps://t.co/w5eOR0mV1y
— Peter R. Rizun (@PeterRizun) February 15, 2020
There are community members that go as far as calling this proposal “a robbery” and urge exchanges not to support it.