my point is the organizations are supposed to be letting us vote. i’ve already made it clear what i think is important. i’ve repeated it too many times already.
it’s a negative feedback loop when you propose marketing zec to poor counties and poor people to use as private fiat. these organizations might believe you! so we spend more money telling people to buy and use zec, they get upset because customers lose money, and the marketing money is wasted. but we tell them is working so we spend more money and repeat the cycle. meanwhile we are getting left behind as the world moves forward.….the proof should be in the transaction volume and zec price. the empirical evidence is stablecoins are the killer use case for day to day transactions.
it’s foolish in my view to spend zec. zec isn’t a currency for day to day spending.
fiat is better. cheaper. easier. faster. zec won’t ever be able to have all the attributes needed to be a day to day currency, at the most basic level, the network can’t had the capacity and TPS.
And you have every right to believe this, but its foolish to think everyone agrees with investing in things they dont even use themselves.
You come from a different background then me, when I first learned about crypto (bitcoin) back in early 2011, it was about using it. Somewhere between then and now this SOV digital gold narrative took over , and not for the better. It allows capture and I’m kind of surprised you cant see whats happening.
i do use it. i use it the same way most owners of bitcoin do. they hold. don’t forget, we are a fork of bitcoin. we are essentially the same coin. they have more vision and a better plan whereas we have privacey. that’s why they are at 30k and we are at 25. its about vision and culture.
i see what’s happening. i see we arnt getting any traction. i see plans to dilute zec holders. i dont see a way around our own centralization issues. don’t we already have a capture issue? how can someone build a stablecoin and charge a transaction fee on the zcash blockchain without permission? paypal just launch a stablecoin on ethereum and now apparently bitcoin will start processing stablecoin transaction and gold and other asset transactions. i see the world moving forward and zcash getting left behind.
I see a bifurcated world where only the government approves which ETH txs go through, and which lightning tx’s are allowed. Forget about full nodes, those are illegal.
they are a player. they are getting the scale needed to survive. we will have privacey. it might not be 100% perfect as you define it. but i’m confident we will get it. i just don’t think zec will be the one creating it because of the extremist perspective. we will never get the scale of we don’t start now.
modularize zec if needed to work per the rules. plus its probably the wallets that get regulated, not the coins. zec has to work inside the jurisdictions it wants to operate. there is no way around it.
another reason for stable coin. we need to keep transactions on the zcash network. make it easy to transfer between zec and a stablecoin. zec is for holding and transfer into a stablecoin for spending. it’s keeps it all in the ecosystem
There is always a way. I will never stop running my full node. This is exactly why I’m bullish on education. The more folks who understand the how, the less they can do to stop it.
people dont care about the how. I hate to say it; but they just want it to work. Zcash doesn’t work for its intended purpose currently. Do I really care how my car engine works? I just want it to go fast. Do I really care about how my TV works or my phone? Do I really care how Visa works? I just pull out my card and it processes the transaction instantly. if someone steals my card, they pretty easily pay me back. I dont lose the money from theft. When im in another country, they give very good exchange rates. They have build massive trust. Zcash needs to build trust with its customers. Thats going to be very hard to do when you tell someone its cash and they lose money very quickly. So you need to get beyond this whole privacy is everything narrative. Money is about so much more than privacy. We might have 2 out of the top most important 10 things going for us. We need to work on and perfect the other 8 before we start spending so much on marketing and education. There is a very good Steve Jobs interview on marketing. Marketing quality is a waste. Customers determine quality based on experience. Its worth looking up if its searchable.
I’d like you to try your idea, lead by example, and start a community crowdfunding campaign to develop a coin holder voting mechanism to demonstrate consensus for ending the DEV fund. Proof will be in the pudding.
my solution doesn’t end the dev fund it changes how its funded and it increases funding under the existing agreement
gas / fees to supplement block rewards, its additive to block rewards. so it provides more money to the dev fund, not less without changing the existing issuance schedule
crowdsourcing platform. this adds to funding. it doesn’t subtracts and it decentrlzes development. let’s
the organization focus on large projects while small projects get community funded.
so don’t put words in my mouth about ending the dev fund. my solution increases funding to the dev fund and transitions it for long term viability.
Hey everyone - I know I’ve advocated for a renewal of the dev fund in the past, but the more I’ve spoken with people in the community I’ve started to change my mind.
I’m not totally convinced that renewing a structure, that hasn’t produced results that many community members are content with, is the right move. I’d be curious with what a donation based system and/or grants fund only dev fund program would look like. I’d also be interested in exploring if/how venture capital investments would work for companies who are building in the ecosystem (those who are not non-profits ofc). But, any new structure has to be agreed upon by ZF and ECC. That seems to take a bit of power away from the community in my mind.
Determining Zcash’s success is hard to do. On one hand, it’s given so much to the broader cryptocurrency ecosystem. On the other hand, coin holders have had no real return on investment and haven’t been able to take their profits and reinvest it into the ecosystem. If that world existed, we wouldn’t need a dev fund.
I’m not as tapped in as I’d like to be, but through some discussions, there seems to be a lot of disappointment with the lack of engagement around the next dev fund.
I’ll be at devconnect this week. If you’re in town, and want to chat about Zcash funding and development, please let me know.
I agree with you on this sentiment that renewing what we have now is not positive.
On the other hand, I’m profoundly convinced that sustainable and predictable funding streams are much needed. I personally don’t believe that donations solely will provide that.
Crypto software dev market is a VERY competitive market even in times of lay-offs and budget cuts.
To attract more devs, we must be able to present a thriving ecosystem that has perspective of a good future. No one wants to jump into a project and not know if they are going to have a job in three months. Zcash has GREAT DEVS. But all of our devs are people that are profoundly convinced of Zcash value and mission. Zcash needs to go beyond that and expand its horizons.
How can we come up with a funding mechanism that provides both sustainability, predictability while enforces accountability of recipients and does not look neither like a blank check to zOrgs or a micromanagement hell that nobody would like to go into?
I feel that dev fund that most people seems to want resides on answering this question.
I will never stop running my full node. This is exactly why I’m bullish on education. The more folks who understand the how, the less they can do to stop it.