This is a funding mechanism that has a track record of working. Builders, Investors, and Merchants are all attracted and retained by a growing coin value. It is the least coercive, and the most business effective. As Ray Dalio might say, it is the virtuous cycle for a project.
Until Zcash presents that sort of picture on the asset chart, we will always be missing a necessary foundation block or two. In the world of crypto, coin price and the downstream affects by it are a critical part of the equation.
If any of us had a magic wand to wave, that would revalue ZEC back to $100.00 - we wouldn’t all continue to be subjected by these same tiresome hypothetical what-if discussions.
We’re in a problematic spot in the crypto landscape where unfortunately we can’t think our way out of it; rather we’ve got to start praying for the invisible hand of the market to lift us up rather than press us down.
To the other aside; the block reward is a driving meme behind what Zcash was, what it is now, and if we decide to keep things the same, it will cement the project in place for the next +5 years. As I’ve said many times before, I think we have to change the meme (eliminate the block reward). It may be painful for another year or two (until Proof of Stake is complete), but I am certain that those temporary pains will be worth their weight in gold in the long timeline.
If the price remain the current level, the community should distribute funds to more developers & organizations. If we believe the price of $ZEC will rocket to moon in the future period of time, the community should even boldly distribute funds to more developers & organizations. Transparent, governance, OKR are other stuffs to discuss, but at first the community need to consistently developing cutting edge privacy tools for Zcash network. So the community should empower the developers who support and empower the Zcash network.
I’m a bit behind on my forum activity. I’ll try to read deeply the proposals in flight soon.I believe Zenate could be one of the answers. But then we have to pose the same question to the Zenate reproding the same issue
Every time, the tactic is to pull out the stopcock in case of a sudden decrease in order to collect the necessary amount of funds. In a bull market, this is redeemed, but in a bear market, it just kills our chart. Coinbase or whoever does it like that for our respected structures, it’s just damn noticeable. Because ZEC is the only coin that behaves this way, and its main difference is the presence of mandatory monthly expenses.
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.
possibly have them buy the zec coins (or swap) from ECC with 1/2 the money. Then we need to stop all extraneous funding to stop the selling. Marketing and education should be community funded or volunteer. but in any case we need to reduce and eliminate all non core projects that require selling zec to fund.
Is there a way we can associate IPs with user accounts on here? I have a sneaking suspicion (along with most accounts on Twitter/X) that most of the pro Zcash people are merely sockpuppets.
So ECC mothballs zcashd, pushes a decentralization initiative that essentially removes things they used to do and the grand solution is to give them more funding to build another wallet???
With this approach, proof of stake won’t ever get done and you’ll be left with a proof of work coin that no one can use…
The team has momentum and is learning from their mistakes, and we can incentivize deliverables by tying wallet installs and network transactions to dev team bonus compensation. It would be a mistake to take your team out while they are deep in trenches.
And correction, sorry, in this hypothetical, ECC would continue development of the network/PoS, maintenance, etc. in addition to wallets. I believe this is already the ECC’s plan.
The main proposal is reallocating all resources from non-ECC stuff towards another dev team/unit/group focused exclusively on accelerating and maintaining integration work (with compensation also tied to integrations and network performance)
Eighty percent of coins flow to miners. Most miners are immediate sellers. The introduction of ASICs coupled with high inflation caused unrelenting sell pressure which wasn’t offset by enough demand for reasons discussed ad nauseam here in the forum. I haven’t seen evidence to suggest that sales by dev fund or grant recipients have made an outsized impact.
