It hasn’t been fun watching memes and jpegs become 10x worth more than a better bitcoin.
I’m not trying to blow smoke here, or seek forgiveness for some crass statements I’ve made here. And frankly I don’t care about being elected to ZIP1014/MGRC/ZOMG. I only first got involved from being a lurker to protect value of ZEC.
Let me explain again why Zcash has my forever interest. If you truly believe that bitcoin has become a global money/digital gold/network/metanorm, Zcash offers a chance of alternative global governance. If you don’t think Bitcoin’s future is sustainable, (and I have growing concerns) , but still adhere to early days narratives, Zcash offers a bit of pragmatism.
In my opinion, the way that ZIP 1014 was implemented, it must be considered a failure. ZOMG cheapened Zcash’s reputation. I understand it is an “experiment,” but it quickly became a free-for-all anything goes DAO. This was not a mechanism of governance, this was simply spending public funds. I’m not attacking anyone for any efforts, I just think that structure of institutions and incentives leads to predictable results. The way that ZOMG was implemented it was immediately obvious it would lead to what it did. I am glad to pick up Hanh though. I think that is the best thing that came out of it.
I don’t know. Its maybe a frustrating time, but I think we should abandon 1014, and set aside those funds for ECC/ZF entirely for funding POS transition and ZKA. We cannot ignore that another ECC will be asking for another block reward renewal. Let’s not blow funds on unknowns when we have quality at ECC.
Just my thoughts. Hard to go back to lurker.