Folks, we earlier said that Founders Reward would be distributed to the founders (devs, scientists, investors, advisors) on or after November 28. Then November 28th came and I posted saying something like “Okay, not today but soon.”. I also promised someone who asked on here (sorry I forget who) that I would let you know when we’re getting closer.
Okay, so we’re getting closer!
Bo Shen being robbed (Robbery is rampant; learn to protect yourself) really scared me. Bo is one of our beautiful stable of investors, and this shows that thieves are actively attacking people like us right now.
Fortunately, we had already from the beginning designed and implemented extremely high-security processes for managing the Founders Reward, so after double-checking the security of those, we’re proceeding with the original plan. However, these extremely high-security processes take a long time to execute! We’ve been hard at work for weeks on setting up tools and processes that can securely extract the FR keys from their high-security storage and transfer the funds to the recipients, and we’re finally getting close to being able to do that.
So, I still don’t know exactly when we’ll have capability for secure transfer, but soon. You can, of course, watch the blockchain to see when we move any funds out of the FR address: Accounts - Zchain
By the way, I’m excited about the long-term consequences of this! Every one of our investors, advisors, employees, and scientists is potentially an enabler and creator of improvements to the Zcash protocol, software, and ecosystem! By distributing a portion of the ZEC tokens to them in many small batches over the coming years, we hope to create a virtuous cycle where they are each, independently, empowered and motivated to focus more and more of their efforts on improving our ecosystem.
