Community Call with the ZCG Candidates (14th December @ 20:00 UTC)

Governance ZCG Elections
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I believe it’s very important for ZCG members to have a cohesive, realistic, and accurate view of what zcash is and what it can be. Otherwise resources get allocated to dead end projects that don’t and can’t add value to ZEC.

Do you believe zec is (a) digital gold (with attributes designed for holding) or (b) digital fiat like currency (with attributes designed for spending)?

If (b) Do you think zec should be marketed to people with low incomes encouraging them to convert fiat to zec to then buy goods and services (even when their financial position likely means they can not financially take on the risk of losing money)?
If (a) do you think development of a USD stablecoin (to start) using the zcash blockchain should be prioritized to fully realizing privacy based transactions for all people. That is ZCG should assist funding alongside other orgs to make this happen.

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What bridging and interoperability designs are you interested in exploring and potentially implementing on Zcash?

In the event Zcash sees an uptick in adoption, what scaling designs do you think would be best suited for Zcash?

Zcash, as an individual protocol, has not captured any significant form of adoption. Do you think aligning the protocol with a broader ecosystem (e.g. Celestia, Ethereum, Cosmos) could drive more usage to the protocol?

In your future version of Zcash (i.e. the Zcash you want to see come in to existence), what role does the ZEC token play? What is its purpose and design? Is it inflationary?

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good topics!

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Just listened to the call. Thanks for answering my question. Good luck to the candidates.

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Interesting questions.

I think Zcash is a bit of both: as a store of value,but also as everyday payments. And I like that it is, because otherwise,why is so much effort being put into developing native wallets?

In my opinion, living in Venezuela, changing fiat money to ZEC is a very good idea, because we safeguard value, avoid inflation and daily devaluation (the highest in the world). When I invite people to do so, I tell them not to worry about price drops, that these are normal market cycles and that better times will come. The more people use the ZEC and put it into circulation, the more its value, and therefore its price, will go up.

I don’t think it’s necessary for Zcash to need a stablecoin, how would there be privacy there? I see it as complicated, and I think that developing a stablecoin is time, effort and money that we can use to implement other improvements that do require attention.

Thanks for your questions and comments. I totally agree with you that the ZCG should be cohesive.

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I strongly believe that Zcash should make a greater effort in outreach and education to users outside the USA.

In Latin America, Africa and Asia, Zcash’s presence can be greatly increased by attending and taking part in events, conferences, hackathons, meetups, etc. This will give Zcash visibility in other spaces and communities not yet explored. I also believe in partnerships, such as NYM, Brave or NAMADA. That also puts Zcash on the radar of enthusiasts in other ecosystems.

Speaking of interoperability, I am of the opinion that with Ethereum it could be. Vitalik Buterin knows Zcash quite well and I’m sure he would be happy to see something implemented together (ZEC + ETH).

I don’t see Zcash in an inflationary role, on the contrary! Its price should slowly rise as more people discover the true value of ZEC. I know this sounds a bit philosophical and idealistic, but everyone within the global Zcash community should aim for that: for more businesses, people, influencers and brands to use Zcash and fall in love with its proposition.

Thanks for these interesting questions.

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¡Presente!

I’m here! :smile:

Responding to @zerodartz

Definitely push more community training, networking and outreach activities for Zcash. Let Zcash make noise not only for its technology (which is very good), but for its growing adoption and its united community.

Responding to @wobbzz

For me, educational and community initiatives are as much a priority as technical and development initiatives.

I believe that both types of proposals should be given equal opportunity and time for analysis.

I also believe that it is not a matter of approving projects or giving money just for the sake of it. I am one of those who think that community proposals should be presented very well, with clear deliverables and specific deadlines, otherwise it is sending money to a pit…

Responding to @pkr

I think Zooko is doing a great job:

He gets in media, he talks about Zcash, he uses Zcash, he teaches other people on a daily basis how to pay with Zcash in stores and cafes. And that’s what ALL of us in the global Zcash community should be doing.

Regarding your leadership on the development issue at ECC, I would like to see quicker responses and announcements more frequently. Although I’m totally unaware of the developers’ work, so that’s just a wish as a Zcash enthusiast.

I see no conflict of interest in 3 siblings working on the same project or organization. If such an organization is open to improve its governance (as I believe is what we want to do in Zcash), and get more people from the community involved, there should be no conflict of interest.

If there are no proposals and participation of new players, new members and teams, it will always be the same people who are mentioned and appear, and that is not necessarily a conflict of interest, but a lack of participation or interest from others in the community.

This is a topic that we need to talk more about in the community, but let more people participate and voice their opinion! I feel that some people in the community are afraid to express their opinions regarding Zooko, and others express them in a very visceral way, without stopping to analyze or think a bit more.

Responding to @zancas

I believe that having one or more members of the Hispanic community on the ZCG would give more confidence to members of the Hispanic community to apply and submit proposals.

That would balance the game a little more.

And I go further: I wish there were people from Africa also in the ZCG, in the ZF and other spaces. That would certainly change the landscape of the ecosystem we are building in Zcash.

But as I always say: people have to be encouraged and be more participatory. It’s the only way to see new faces in these spaces.

Responding to @Jgx7

I do not know the Monero funding site.

But in Zcash we have Free2Z, and there we can do wonders, post any proposal and have the community directly support, donate and fund. For example, in Zcast we did it.

I feel that many members within the Zcash community don’t use or know about Free2Z.

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I really liked the two points that @kworks has mentioned (27:30):

  • Currently tedious to hide that you are transacting on the Zcash blockchain
  • No way to transact directly from the browser.

I have elaborated on my thoughts regarding the first point in a separate thread that seemed most appropriate, but I am not sure where to do that for the second point so I will do it here.

Transacting in the browser is indeed something extremely practical and something we would most certainly benefit from being able to do. Most of the payments I do currently are happening from inside my browser, yet every time I have to pull my phone. Needless to say I would love nothing more than excellent Android wallets, but there’s a place for everything. A web wallet could be seen as a hot wallet with only the funds necessary for a small period of time, that could be regularly refilled from a more secure one. Metamask has certainly been a fundamental piece of the Ethereum success.

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@kworks voted against funding ywallet and then later submitted his own grant for putting user wallets online.
IMO, these are poor decisions that would have accelerated zcash downfall.

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Can I read more about this somewhere?

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This is one of many reasons i keep pushing for txt fees. the third party wallets need to stand on their own two feet. the fees will liberate wallet developers from the dev fund. many people erroneously think ZEC has low fees. The reality is the transaction costs are hidden and being inflated away. if we where to associate the cost of the network to transactions instead of inflating, the costs would likely be 10/txn. its a real cost being subsidized by inflation. there is a cost to the inflation. it depresses the zec price. The wallets need to figure out how to add value so that they can charge a txn fee to support development. one wallet is all we need. but it needs to work. sync times are so slow it’s really a waste of money to stretch too thin until the sync times are lightening fast. i panic every time i need to send coins. it took over 2 hours today send to coinbase recently. zec holders can’t fund so many wallets. with the poor sync times and wallet bugs, if we were playing 21 (cards), it feels like we are splitting 6s every time we fund a wallet and we end up with many “bad hands” instead of just one and we end up losing a lot of money funding too many walllets…The broader community needs to get behind zec and support it.

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Thank you. Indeed, I would be against such web wallet. The way I see a web wallet would evidently be just like Metamask, where nothing would be hosted on a remote server and the RPC would be user configurable. Likewise not funding Ywallet would be a serious mistake imho.

With all that said, the points raised today by @kworks remain valid. I would be curious if he now better understands how a web wallet, particularly a zcash web wallet, should be designed.

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