# Dev Fund 2024: Community Poll & Discussion Megathread **URL:** \ **Category:** Governance\ **Created:** [May 4, 2023, 4:08pm UTC](https://forum.zcashcommunity.com/t/dev-fund-2024-community-poll-discussion-megathread/44527 "2023-05-04T16:08:04Z")\ **Posts on this page:** 1\ **Showing post:** 590
**Author:** ![noamchom](https://sea2.discourse-cdn.com/zcash/user_avatar/forum.zcashcommunity.com/noamchom/32/20269_2.png) [@noamchom](https://forum.zcashcommunity.com/u/noamchom)\ **Post date:** [December 4, 2023, 4:39pm UTC](https://forum.zcashcommunity.com/t/dev-fund-2024-community-poll-discussion-megathread/44527/590 "2023-12-04T16:39:22Z")
> [@Is the Zcash Foundation fully committed to Zcash? Why are they retaining $2,000,000 of altcoins?](https://forum.zcashcommunity.com/t/is-the-zcash-foundation-fully-committed-to-zcash-why-are-they-retaining-2-000-000-of-altcoins/44644/1): > > The value of Zcash relative to Bitcoin (and Ethereum) has been devasting for the past few years. Its poor relative performance has made it increasingly hostile for community and merchant retention. It has made building on Zcash appear increasingly hapless. It threatens long term ecosystem funding potential. And it has created prolonged negative brand awareness to the Zcash network. The Zcash Foundation is currently retaining a stagnant position of competing altcoins (BTC and ETH) that is valu… At some point in time, this _obvious_ conflict of treasury interests will have to be resolved by hedging out of those huge BTC and ETH positions. I’m convinced that the time is now. Maybe I’ve got to run another community poll?! 66 Bitcoin and 12 Ethereum are worth about $2,750,000 today. To align incentives, those alt-ZEC-coins ought to be hedged out into either ZEC or dollars. --- _[View the full topic](https://forum.zcashcommunity.com/t/dev-fund-2024-community-poll-discussion-megathread/44527)._