A message from the Bootstrap board

Governance
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This is a new account representing the Bootstrap board.

We are sorry for the silence so far. We have been trying to work out the most critical things behind the scenes.

Please note that this account will not be heavily monitored. We hope not to engage in fiery, time-consuming online debates, so we can focus on getting things in order. If you have critical concerns, please send us a DM, and include potential pre-baked solutions where possible.

Below is a communication from the board.

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The goal of the Bootstrap board is to protect and support Zcash.

More concretely, while the job of the core team is to minimize the software attack surface of Zcash, the job of the Board of Bootstrap is to minimize the legal and regulatory attack surface of Zcash.

Since the idea of a privatized Zashi was floated, the Board has agreed that there are enormous advantages of transitioning Zashi to new ownership.

But these advantages can only be realized if the transaction follows the legally defined path for a related party transaction between a private company and a public charity.

Failing to follow that path opens up Zcash to a new legal attack surface area.

Learn more: https://weareallzashi.org

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This account is verified as authentic from a Bootstrap member.

EDIT: possibly former member ?!??

EDIT 2: Apparently the current membership of the Bootstrap Board is disputed: 1, 2 so until this is resolved I have added “contested” to this accounts title.

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Can you briefly explain this path, please? There is only one, or there are many options? How much time it/they require? Days, months, years? Thanks!

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ok, at this point I have no idea what the hell is going on.

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I have a lot to say that I’m not sure is constructive

But it’s great for the former board to decide to notify the forum, a week after the entire team at ECC left.

Because they are upset they’ve weren’t legitimate or have been removed or whatever. No doubt the clueless clowns are looking for a way to monetize while having no idea this message board even existed. Zashi stays with the team that built it. Bootstrap goes to the team that built Zashi (or whoever the technical ECC team supports)

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Since the Bootstrap board membership is disputed, names of accounts claiming to represent it should reflect that dispute.

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“One proposal was an ICO for Zashi utility token that could have been a first use case for ZSAs.”

Not sure that what Zcash needs is yet another useless ICO with worthless tokens to enrich insiders.

Seems to confirm to me that the only use case of ZSA’s is to allow grifting on the Zcash blockchain.

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There is one set of requirements (e.g. Rebuttable Presumption of Reasonableness Procedures – Nonprofit Law Blog ), but there can be alternate paths.

All it takes is for parties to negotiate in good faith, collaboratively. Doing deals is not rocket science or heart surgery. It does require a bilateral conversation on what is reasonable for each side.

Deals usually take a number of weeks, just based on the raw inputs of discussions and external input, even if you worked very actively on it. The more the parties acknowledge and work with each other’s constraints, the faster it can be done. It should not take years.

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My reaction to this information

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No, you didn’t work on it at all, ZCAM. Not a single person at ECC has seen a written proposal that you would actually do. Everyone at the recent summit realized you were simply lying this entire time. The ZCAM “board” seems to be either completely incompetent (spending “hundreds of hours” on getting a simple valuation?!?) or you are outright thieves.

Your AI slop page of 27 responses is like saying you’re innocent of 27 felony charges. What a coincidence. It just so happens that the entire team accused you of malfeasance. Just an unlucky break that literally 100% of the people who in the org left.

Come on. You knew what you were doing when you tried to dump millions in ZEC. You were trying to steal from the treasury. You are just an absolute disgrace.

Even the name of your site is outright thievery (“WeAreAllZashi”)
No, you are not Zashi, ZCAM.
Don’t you have any shame?!?
ZCAM, you didn’t write a line of code for Zashi.
ZCAM, you didn’t contribute a single dollar.
ZCAM, your only contribution is being either completely incompetent or thieves or both.
You are ZCAMmers.

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I must admit that when I read that I was a bit shocked and like in what kind of world exactly does dumping ZEC coins with insider informations on unsuspected plebs doesn’t sound like scammy AF?

Exactly. Sounded more like a confession than anything else :rofl:

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Nature is healing? Old board resigned?

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As a community member, I am watching with dismay as this conflict unfolds, each side escalating with heated rhetoric and competing new web pages. If we are not careful, we are headed toward years of litigation battles that will impact the project during what could be its highest growth period ever. Extreme caution is warranted.

I have been trying to think what I can offer to help resolve this situation. I would like to offer to serve as a Mediator and potentially an Arbitrator. Resolving conflict is one of my super powers, and I would like to put this skill to use for the good of the Zcash community.

On one hand, I know the ex-ECC team well, having attended four of their previous summits over the past two years, and hopefully I’ve earned their respect. On the other, I was not invited to the most recent summit, so I am not involved with any of the private discussions that seem to have happened there.

On one hand, I have also met three of the Bootstrap board members and respect them as well, and I take @zooko at his word when he tweeted, “I’ve worked closely with Alan Fairless, Zaki Manian, and Christina Garman for more than 10 years, through many intense and difficult situations, and with Michelle Lai for about 5 years. Based on my experiences, I believe them all to be people of exceptionally high integrity.” On the other hand, I do not have any deep connection with any of them; we have only interacted as we’ve discussed the red·bridge vision.

I am also deeply personally invested in the success of Zcash, like everyone else on this forum.

I’m old enough to have quite a bit of wisdom accumulated through the school of hard knocks resolving professional conflicts, and I hope I could put it to work here. If the parties are interested, please reach out to me privately on Signal. @joshs and @zmanian both have a chat open with me there. My rate would be 1 ZEC per hour (a nod to @emersonian charging me 1 ZEC to buy a Keystone wallet at an ECC summit a year ago in Mexico). I am traveling over the next few days, so my responses may be delayed, but rest assured, I’m committed to helping in any way I can. One or two others could join me as well. Onward.

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The world is currently burning. Get as far away from the fires as possible, ignore the price action, and keep building the infrastructure of tomorrow.

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[Speaking personally, not in my capacity as a ZF board member]

I have a high level of trust in people on both sides of this conflict.

Over the years I’ve observed a lot of conflict within the Zcash community and I’ve put a great deal of thought into why it happens and how to prevent it. The pattern I’ve observed is always the same: one or more parties make a series of errors, another party then interprets those errors as bad faith/malice and begins acting in defense against what they perceive to be malicious. Those defensive actions, in turn, get interpreted as malice, which leads to more defensive actions in response, which are also interpreted as malicious. The initial series of errors turns into a self-sustaining positive feedback loop where each side perceives the other to be more and more malicious. I have never observed genuine malice from any leader in the Zcash community. Serious errors and sketchy ways of going about things, yes I have seen those, but never malice.

Maybe I am just being naive and optimistic, but I hope all parties can attempt to see conflict as a self-sustaining system that even totally reasonable people can get caught up in. I encourage both sides to look for errors they may have made and own them. It’s okay to screw up. We all care about Zcash.

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Bootstrap has worked “against” Zcash for years now not in an ideology sense but just in the social legal and economics senses, dumping ZEC coins on the market while carrying that 4 million dollar debt obligation to the Least Authority LLC - we all know exactly who is involved in the Least Authority company. and because they kept it in this handcuffed non profit zone nobody was ever legally allowed to promote the project or the coins - complete idiocracy if you ask me

Zcash will be a significantly healthier project once all of the old boxes of tangled cords are left behind. how about we move forward in a lean mean mode. lets make this simple oust the leeches VCs and anybody else playing power leverage moves against the Zcash project. this shouldnt be anyones business deal. not Josh not Bootstrap or Zooko or anyone else. if we want Zcash to scale up we need a project without any heads of state

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This is a moderation issue. The name “TheBootstrapOrg” is misleading. According to bootstrapproject.org, the current board membership is as shown on the Board of Directors tab at the top of that site. This does not include Zaki Manian, Christina Garman, Alan Fairless, or Michelle Lai because their terms have ended.

I am aware that they dispute this, and I understand that the Zcash Forum moderators may feel that they do not currently have enough information to take a side in that particular dispute. Not taking a side, in my view, currently entails not allowing “TheBootstrapOrg” to be used as an account name or “Bootstrap Board” to be used as an account description, by either side.

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The “old” board talk about law

The “new” board have access to update website :thinking:

BTW

Arjun Khemani on the “new” board works for Naval Ravikant. Google it. He is 18 years old. He is a podcaster. WTF

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You are right that the old board posts endless AI slop about “the law”, but they seem perfectly willing to skirt it themselves.

I mean, ZCAM literally tried to dump 8000 ZEC onto the community less than an hour after suspending the CEO, to frontrun the market. They’ve actually admitted to this on their stupid website, yet they’re acting like it was just a normal move!!!

They’re trying to use general daily volumes where people are just trading a single ZEC back and forth to claim their attempted sell-off wouldn’t have been a big deal. But Gemini’s daily volume is only about $1M right now, and they were trying to sell four times that amount in one go. Also, since Bootstrap was supposed to be a trusted entity, that kind of front-running could have totally crashed the price. Thankfully, ECC employees stepped in and stopped them, but they’ve completely lost trust and your can’t seriously want them near any Zcash treasury again. They really are just ZCAMmers.

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Treating the ZEC as if they personally owned it. Interesting…

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