It is really insane to me that we are looking at anynomous polls to decide what to the with the dev fund.
The reality is that it doesn’t matter what anyone’s idealistic view of what this project is/should be matters.
The reality is clear with the dev fund the coin is close to all time lows. It is one of the worst performing crypto assets in the whole space but somehow people want to continue a dev fund that hasn’t worked since the projects inception.
None of this altruistic sentiment surrounding the project will matter if the coin goes to 0. At that point we become insolvent and nothing can be done. We are dangerously close to that if we don’t change course.
For this project to survive Zec needs to go up in price. For that to happen the dev fund must die, we must go to pos and halving has to go flawlessly. Why? Because the project needs to mimic bitcoin as much as possible as the market reacts on speculation.
Speculation that things will turn around and price will go up. Zec at $100 dollars will keep the project going. At 20 dollars and lower as it is as of today it won’t if the market sees we can’t even get rid of something so obvious as the dev fund.
I read this forum and it is insane to me how people act like the tokens price is irrelevant when it should be the number 1 focus. Without a viable token in the market place that goes up in price this project is dead.
I hope leadership sees this. Kill the dev fund. This isn’t about what is right or wrong or what is in the spirit of the project.
All of that is irrelevant if the project dies. And it is dying. It is on life support. Get rid of of the dev fund. Move to POS. Make those announcements and hope the market reacts.
Nothing else matters at this point.