Actually not having a treasury leads to centralization. If it doesn't lead to centralization, then the development and promotion takes a hit. Premines are a way for the creators to get rich. But a DAO treasury is completely different. DAOs are allowed to be financially independent. It is the community that decide how to spend the funds. Dash and PIVX allocate 10% of their funds to community proposals and SmartCash actually reserve 70% of newly created coins to community projects.

Since XMR is going through regular forks anyways, ASICs are not concern for me. The real problem is this: https://ipfs.io/ipfs/QmWYTeggKeL8xBitA8uQWAaNDWfFrUHXAxBXkvmnisdDw7
I know they fixed a great deal of these problems. But After researching what happened and looking at the high fees I'm never going to HODL XMR although I mine it on my PC.

Currently I prefer ZeroCoin implementations and Dash. Zerocoin a\cannot be retroactively de-anonymized. The only real problem is the trusted setup. Dash PrivateSend isn't a very user friendly easy to use experience but from what I know, unless a person owns a huge amount of Masternodes, you are pretty much safe.