Everyone needs privacy, even rich oligarchs
Iām educating about Zcash, a real private cash alternative in the digital age.
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they need a store of value first. otherwise it goes to zero and then privacy isnāt needed because they are broke.
they are better off donating in this case. they lose 80% to miners. 100% would go to their zcash cause instead of only 20%z if we had a way for this people to donate any currency they want. itās why i propose a crowdsourcing platform.
Letās see how well the SOV narrative does when everyone realizes who actually has control.
Zcash will sadly continue to fail itās users, and will fail to ever go mainstream, if it is driven by illogical business strategies. Catering to underdeveloped demographics with trivial amounts of capital will continue to yield lose-lose-lose outcomes.
I feel sad to have to be once again saying out loud what the cold facts are and what theyāve been for so many years.
If Zcash never takes itself serious as a business, then it will remain in an afterthought circumstance.
Just imagine how futile it would be to startup a restaurant in India, that only serves Beef to LGBTQIA American expatriatesā¦
Sure that is an honorable theory and allows for positive virtue signaling, but in practice the restaurant is almost certainly bankrupt in a year or two.
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I certainly donāt speak of Zcash as a whole, all I can offer is my perspective. You and Jgx7 have certainly voiced your opinions, my hope was to counter your arguments and get more folks to speak up 
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the toxic culture is at least partly the fault of the organizations governance structure. they force us to fight it out on these boards because they use the boards and polls to define consensus. a simple coin weighted voting mechanism would likely help to keep decisions focused and tone down the rhetoric.
also, why are we voting for organizations as opposed to proposed projects? each organization should propose well defined projects for funding on a project by project basis. why are we forced to provide āblank checksā when project level or based funding might be more productive and focused? we should hold our organizations to the same standards as grant receipients. the best projects win. no people can rest on controlling zec through an organization. we can alter funding based on the best projects.
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What projects, in your opinion, should we fund? Iām actually curious if you find the work ZecHub has been doing worthwhile. I love the work we have been doing but perspective is needed from the others in the community. Does everyone in the community feel how you and naom feel? Or is this a vocal minority ?
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my job isnāt to propose a project, my job is to vote. you have it reversed.
zec holders sell. we have no way to vote except by selling. itās the paid people looking for grants that stay. itās what i call the negative feedback loop. we are certainly a minority the way consensus is defined. a very small group of people are determining the direction of zcash.
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So you can be critical of others but offer no work for alternatives?
I was working on ZecHub before I was paid, and will continue to help out when funding ends. Is that a negative feedback loop?
Perhaps miners and investors, looking to make a quick buck are the negative feedback loop?
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The interests of ZEC holders will always be a minority because of the inverted economics, ecosystem/ governance structure.
ZEC is currently designed to lose value over time based on the Block Reward in combination with proof of work, and the zero transaction cost/ fee model.
My opinions are primarily based around the idea that the Zcash ecosystem can make decisions in the next year or two which will radically shift the designs around ZEC and therefore will result in a repricing of ZEC (higher).
The predominant ideology of Zcashers today who share their opinions is totally consistent with the ideology from Zooko, Jack, Josh, Nathan, et al Thought Leaders from within the Block Reward Salary ecosystem.
It should never be surprising when us ZEC investors speak minority opinions about how to transform Zcash into a capitalist-business minded system, rather than a pseudo-socialist type of academic research system.
my point is the organizations are supposed to be letting us vote. iāve already made it clear what i think is important. iāve repeated it too many times already.
itās 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.ā¦.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.
I couldnāt disagree more on this statement. So Zcash is for the elite. Got it.
Only folks visibly upset is you and a few others who seemed to invest too much too early. Full stop.
zcash isnāt for anyone right now. thatās my point.
privacey stablecoins for day to day transactions
zec = speculating and hopefully becomes an investment. yes the goal is to create more elites not make rich people poor and poor people broke.
I use ZEC everyday. Do you? How can you invest in something you havenāt actually used?
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itās foolish in my view to spend zec. zec isnāt a currency for day to day spending.
fiat is better. cheaper. easier. faster. zec wonāt ever be able to have all the attributes needed to be a day to day currency, at the most basic level, the network canāt 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 Iām 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. donāt 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. thatās why they are at 30k and we are at 25. its about vision and culture.
i see whatās 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. donāt 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.