A new “infrastructure funding plan”, proposed by several Bitcoin Cash proponents, including the CEO of Bitcoin.com, Roger Ver, and the CEO of the Chinese mining hardware manufacturer Bitmain, Jihan Wu, is set to see crypto minerst "donate" 12,5% of the block rewards to an entity that would in turn use them to promote the currency, Cointelegraph reports on January 26th.
The proposition would launch in May 2020 and run for an initial test period of 6 months, during which its advocates expect it to secure more than USD6M in funding. The proposition has already met criticism from the community, focusing on the implied centralization as well as the jurisdiction the entity would be running - Hong Kong - as being to close to the influence of the Chinese government.
Even hard supporters of a cryptocurrency could stand by and watch idly as a governance fee is being implemented retrospectively into their network, hence the reactions from the BCH community aren't surprising. With the proposition even suggesting blocks validated by non-complying miners might be orphaned, the threat to the autonomy of the blockchain is even bigger. On the other hand, in order to efficiently operate a blockchain, as well as promote the underlying cryptocurrency into mainstream use, a large expense budget is required, and some argue that this kind of approach might be preferable to funding this activity via donations from entities which can then leverage their influence over the network.