The essence of this problem is that decentralized cryptocurrencies have major issues that require public decision-making, and how to conduct community governance. To establish a governance mechanism, it is necessary to have money and a governance fund, which has been the focus of recent controversy.
BCH's previous public expenditure, mainly the necessary incentives for developers, was provided by donations. It is mainly donations from large currency holders. Bitmain, Roger, etc. are the main donors. But for an economic system, donations are a major problem. For example, Roger and developer Amaury, one is a donor, and the other is a developer. After a long time, the defects of the system have become more and more intense in the form of personal friction.
The weakness of BCH compared to BSV (so that the computing power war was almost killed) is due to the lack of funds, media announcements, professional planning, scattered community organizations, and so on. Jiang Zhuoer's fund plan is to take part from the new coin issuance for public affairs. Public affairs are originally everyone's business, and they should be public financing before.
But the controversy is that many people think that Satoshi's original intention was decentralization, and the generation and management of governance funds will lead to centralization, so they oppose it. In fact, they put too much emphasis on decentralization. Opponents' worries are mainly in two aspects. First, taking the money directly from the new currency changes the underlying model; second, the side that manages the fund is the center, contrary to the original intention of decentralization. After a period of controversy, a preliminary consensus has been reached: the need for a public governance fund. Although there have been many controversies, they have begun to be resolved, which is an improvement of BCH.
Miner Donations
At present, there are six or seven teams involved in the development of BCH. Most of them are voluntary development. The development work itself has no income, although some companies will donate. The long-term stable operation of an economic system must rely on invisible hands. Go and encourage everyone to participate. Like BCH's goal is to make the world currency economic system, then we must build our own endogenous, self-consistent, self-sustaining ecosystem.
BCH's competitive environment and future opportunities
The competitive targets of decentralized currencies are fiat and company currencies. BSV quickly became a centralized coin, which was a retrogression. In the history of currency for thousands of years, private currency must not be able to do the country with a centralized currency. The advantage of centralized coins is that they are easy to pull and engage in marketing. This is their short-term advantage. In the medium and long term, a centralized coin will have great risks due to various uncertainties facing the center. Although the decentralized currency has weak short-term control ability, it has stronger vitality in the medium and long term, and the community is relatively hardcore. In general, I don't consider BSV at the same level of BCH. Although the underlying structures are similar, they are not the same type of cryptocurrency. Therefore, I don't care about its price performance.
I disagree we need to do that and that the recent controversy is about doing that. BCH development is too centralized at this time. We can't help that because we do not have the protocol finished so it can scale yet and we cannot afford to properly fund a decentralized group of teams all working on it at the same time. We, so far, have not been able to fund a single team to get that job done.
The difference between BCH and the more-fully-centralized development Bitcoins (all of them) is that the BCH community and developers still believe in making it more decentralized. Not just look more decentralized. Governance of A FUND that will be used to support BCH is not the same as BCH governance. Liars are pretending they are the same thing and many are falling for the lies. BCH governance is an evil to try to avoid.