Reason for IFP
The most fundamental reason is that developers don’t have money, and clever women can’t cook without rice. As supporters and beneficiaries of BCH, we can’t let horses run and keep them from grazing, and this is not the first time BCH has made a donation to the community plan. The actual reason why the donation plan is currently blocked is how to implement community autonomy when there is public decision-making in decentralized cryptocurrencies, and to establish a governance mechanism, there must be funds and governance funds, which has been the focus of recent controversy. BCH's previous public spending was mainly donations from large companies, with Bitmain and Bitcoin.com being the main donors. But donations are a major issue for economic systems, such as the recent dispute between Roger and Bitcoin ABC developer Amaury.
In addition to estimating that the development team will again face development impact due to lack of funds in the future, the proponents hope to find long-term and stable support for developers who want to join BCH now and in the future. As we all know, BCH has been insisting on community donations and part-time development since its birth. It may be maintained in the short term, but most of the part-time development teams will definitely affect the development process and ecological construction of BCH. Therefore, a development team that has long lacked a stable income can continue to develop and make money comfortably and steadily, perhaps the idea of these BCH biggest stakeholders.
The disadvantages of BCH are lack of funds, professional media opinion guidance and centralized community management. However, the disadvantages are also the advantages of BCH. A new world currency economy system is being constructed, and BCH leads to In the process of negotiation and autonomy, it is necessary to experience a collision with the old economic system. The competitive targets of decentralized cryptocurrencies are fiat currencies and corporate currencies. Turning a decentralized currency into a centralized system is a historical reversal. In the medium and long term, decentralized BCH will have stronger vitality and the community will become stronger.