Speaking personally,
I appreciate the suggestion, as well as other suggestions surfaced by @tromer @mlphresearch , @ttmariemia, @aristarchus, and maybe others that I missed. They all have merit. Perhaps we need to press pause and open this back up again for new proposals given all this new information.
I’m puzzled by your and others desires to disconnect developer and Zcash coin holder and user incentives for the sake of a cap that seems to have become a sacred cow. Though, @acityinohio, you had previously expressed you were indifferent to a cap.
We all want to bring economic freedom and opportunity to everyone. Privacy is part of that. Scalability is part of that. Interop is part of that. As is regulatory clarity, 3rd party adoption and demand.
And we have massive hills to climb together. It will not be easy. It will be incredibly hard.
Let’s get real:
Today, the most equipped team is ECC. That may shift over time. But it’s today’s truth. ECC is already cash constrained. We’re under, not over funded today. We’re not hiring engineers we need and we’re underfunding or cutting campaigns and adoption efforts.
We’re “getting by”.
Meanwhile Tezos is sitting on $650M and adopting zkps. (Tezos Foundation Reports - Tezos Foundation)
Tron is adopting zkps.
Ethereum is adopting zkps.
They are building on top of ECC’s work with deeper pockets.
Based on the innovation to date, we have technical superiority.
Technical superiority doesn’t win. We need capital.
Even more … they are piggybacking on our work with regulators and on copyright law and 3rd party adoption.
But our adversary is not really any of them. Their resources are small as compared to the power structures seeking to subdue our fellow humans.
For the time being, ECC is in the unique position to continue to accelerate across all fronts for the benefit of our collective mission.
An arbitrary cap on ECC chokes ECC.
We lose access to world-class talent. We constrain budgets to “get by”. It’s the exact opposite of what we need to collectively do. It makes no sense to me.
Instead, hire us, don’t artificially bind us, and keep us accountable for our work!
These next couple years are critical for our collective mission across tech, regulation, product market fit, zaddr adoption and the colossal battle of freedom tech vs. tyranny tech. This is not hyperbole. We’re on the front lines.
I feel it EVERY DAY. I lost more hair this year than any year prior to this. I remember fondly the day when I had @acityinohio’s lush locks.
So maybe we need to step back from this for some time to work through all these suggestions, give everyone time to digest implications, and then discuss possibilities prior to another community vote.