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Proposal: Dropping support for old PHP versions via a fixed schedule

While most people here will probably mostly know me as a (PHP) developer, I actually have a background in business studies, so when Matt Mullenweg reached out to me to continue the conversation about WordPress dropping support for older PHP versions in an in-person call, I decided to put my business acumen to use and see if I could come up with a proposal which would make sense from a business point of view for all parties involved, be it the amazing contributors to the WordPress project, the web hosts, the plugin and theme builders, the web agencies and the

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