@dismad you are digging yourself a massive hole. I’ve never said what you pretend I said. You’re so lost.
I love the work of @hanh and if there’s one person I’m happy for they have received bits of the dev fund, it’s him.
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We’re all here for the money. Zcash is money. It’s what we want, it’s the essence of what we do. And we have no margin for error.
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You’re something else.
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I think you should property @somebody when you mention them.
I support the 100% coin holder option because I believe it is the right to decide (even when I disagree with their choice). I am confident they would have funded the coin voting proposal.
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I’m happy we have different opinions. I wish more spoke up to be frank. Exciting times.
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There are two ways. In the first case, Zcash is liked by everyone. Everyone in general. And that’s what we’re trying to do. And yes, these people want money. Is that a problem? But in this case, ZEC is growing and developers have resources to make it even better. So that everyone likes Zcash even more. In this case, everything happens rapidly and we reach our goals as quickly as possible.
The second way. We are looking for our own thorny option. A certain group of people like us. Let’s say we think they are the most visionary, the smartest and the most fair and honest. But it’s a very long way. In which we’ll be constantly constrained. Constantly choosing between what to fund now, and what to fund in a year, and what to fund in two years, and what to fund in who knows when. We’ll reach the goal in that case, too. But probably not us, but someone who is still in school right now. We’ll be dead by then.
So what? Justice within the forum or justice for all?
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Which money is the critical point.
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So far, we follow the second path all the time.
Some dude makes an empty folder on GitHub, tweets it, and says he’s inspired by FROST to get to work. They get over 300 likes in 24 hours under their orange and black label.
And how many likes have the developers of FROST gotten? Was there even a dozen?
And why is that? Where’s the goddamn justice?
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If XMR was $5, I bet that would change. Its a reflection of what most folks want. Most want a private store of value. XMR has a higher price, ZEC has the better tech. Perhaps some want us to keep fighting so neither win?
Getting late, I’ll catch up in morning 
empty? what are you looking at?
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Yes! Most want.
We are making a product, even if decentralized, but a product. People should like everything about the product. Every detail. And the governance system, too. If there is a large category of customers who don’t like something, it just needs to be improved. That’s working with objections. Otherwise, our product loses to others.
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I’m on mobile internet right now and a number of sites are not opening due to limitations. Yesterday there was a pdf description of the project and two empty folders. Not literally empty, but a couple files in each.
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Because it is the white paper. The implementation is in a different location as described in the readme.
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“There is no one on this forum who wants to harm Zcash”
Fair enough. How would you know that?
Anyway censorship resistance systems are not build on the assumption of the best case scenario, but on the worst possible ones.
The “trust me bro everything will turn out just fine” is a bit on the light side for something like Zcash.
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Exactly why the currently “trusted” governance is ridiculous. Thank you.
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Agreed. Coin holders need a voice. But 100% is probably not a very good idea. Might be prudent to give token holders a mechanism to elect a rotating panel of well qualified representatives which could in turn be given equal voting rights alongside other major stakeholder entities/block reward recipients to decide on whether to continue / how to allocate devfunding and other key ecosystem decisions.
Could be a case where too much decentralisation could paralyse the project and impede progress. The more centralized entities within zcash offer certain benefits that flow from their more traditional hierarchical structures which can allow for more unified decision making and potentially able to respond to say a fast changing regulatory environment with more agility than a more decentralized 100% coin holder decision process might be able to.
On the flipside, creating a new and equally powerful voting block of decentralized coin holders within the ecosystem will act as a counter weight / check and balance in order to keep the more centralized zcash entities from diverging too far or too fast from the path forward as envisaged by the network’s actual users/investors, the ZEC token holders.
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Draft ZIPs for your review and feedback have been added to the top of this thread. I will add any others submitted before the submission deadline at the end of this month.
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We’re totally absent from the grassroots privacy movement. People can criticize Monero all they want, but they are pulling the right moves. So many of the privacy tools I use have zero mention of Zcash and almost always mention Monero.
ZEC holders, we’ve showered ZF and ECC with enough money for little results.
- Step 1: take control of the dev fund.
- Step 2: be charitable with ZF & ECC for the next 6-12 months so they can have time to make the necessary adjustments (we’re no savages).
- Step 3: we need a place where proven large token holders can publicly, calmly, respectfully and productively, exchange without being bothered by anti-capitalists trolls.
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“The community will be asked to decide whether to prioritize extending the Dev Fund and adopting a new funding model, which will further delay NU7”
In think we should try to accellerate NU7 as much as possible, any delay would be very bad and as far as I understand it is already behind.
The history of zcash is continious extention of the dev fund. Last year I read the same discussion and now we are here same discussion and still no ZSA etc.
On X one of the main critiques about zcash is the dev fund and I have the impression as long as this hick hack continues nobody will trust the governance or the process and certainly will not invest.
I see no positive price development if the project keeps going in this direction ( delay, delay and extend funding), nearly 20% of all coins have been distributed and it will never be enough is the price is going to 0…
Coin holders should decide and this must not delay NU7, imo holders alreay paid for it and if it will not be delivered without further funding extension the project should simply cease to exist.
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Coin holders should definitely have a right to veto things.
Then, we can push from this situation and allocate more rights.
Because in the end it’s all about the rights that coin holders can exercise.
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