Just because there are a few threads going on this subject, here’s a link to what I wrote up earlier today. And I’ll just add this. Many seem to like these idealized “fair” and “pure” systems like coinholder voting, and these are important features of blockchains. However, having been in this space since 2016, I have yet to see any community build their ecosystem using these fair and pure protocols exclusively–or even primarily. We are human. Alliances matter. How we choose to spend our time matters. Market forces do not always win. Yes, Zcash governance is a bit messy. But to its credit, it integrates the human side of things in a democratic way better than any other blockchain that I know. Parties who didn’t give Zcash a second thought a year ago want to rip that down. We weren’t just twiddling our thumbs during the down-only years. We were adjusting systems in anticipation of this boom. Let’s see how robust our design is as it is stress-tested.
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