ECC Zeboot Decisions and Timelines + Opening Presentation

General Education
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Absolutely. Adoption wont happen without the trust ZEC as a SOV is engrained in the culture as a core mission. The (sub)culture, which maybe its a minority and maybe not, of ZEC price doesn’t matter, we are doing something more important is self defeating. We can and should as a community and organizations definitively state we have a strong ZEC policy: ZEC is digital gold 2.0. You will never hear the fed say anything other than “we have a strong dollar policy”. Nothing is more important than ZEC as a store of value and for it to be strong. And we transact ZEC on the Zcash privacy network where privacy is equally important. SOV + Privacy. We are trying to create something of value; and it only makes sense the ZEC value should be expected to increase. ZEC holders must be able to trust the policies, development priorities, governance, and the culture are focused on ZEC as a store of value.

The part people should be segregating, which they apparently are not, is the Zcash privacy transaction network from ZEC as an asset. ZEC is an asset that transacts on the network. Isnt it? The focus is on the privacy network and ZEC as a SOV has been sidelined and even undermined in many ways. More focus is needed on ZEC as a SOV which Bitcoin has done remarkably well at branding its SOV qualities.

100%. We need to focus more on ZEC as a SOV/Gold 2.0 (not fiat). Zcash Privacy Network is certainly extremely important and we need to continue to improve it; increase speed, TPS, and the ability to leverage the network with more assets. And ZEC as an asset does work on this network as a means to transact. But ZEC (the assets) primary use case is holding in the short to intermediate term because of its intrinsic qualities. If we want to use the Zcash Privacy Network for day to day transactions (Im repeating myself) where people accept a privacy coin (at scale) for labor, goods & services, we need stablecoins.

The identity crisis is real and the ZEC price is a reflection of that crisis (which is an internal cultural problem inside the orgs). We need more forceful and clear messaging that ZEC is a SOV, ZEC price maters (and get the message out we are more than a privacy network testing experiment).

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  • Print money
  • Buy Bitcoin in large amounts, cleverly to avoid eyes
  • Enforce CEX only Bitcoin ( Where we are headed )
  • Manipulate as needed

But lets focus on price! :partying_face:

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63

focus on store of value; policies, governance, development that protects ZEC SOV and its price is important.

it really should not be so hard for people claiming to be creating a monetary asset to say the ZEC as a store of value is our mission along with privacy and that the the price matters.

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Access to ZEC, real ZEC, should be a top priority. Not what the dollar value is. Yes its important but its lower on the totem pole IMHO. This is how I voted during Zeboot as a top priority, along side shielded ZEC access on mobile phones. SOV will fix itself with real use, and until that happens every crypto asset is subject to massive manipulations. The next few years as more and more privacy is lost will be fun, lets see how this shakes down :beers:

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you’d probably be fired for saying something like this if you worked at the fed.

it’s exactly my point when i say people are focusing too much on the network and leaving ZEC out to die a slow death. you just can’t bring yourself to even say ZEC as a SOV is a core mission and its price matters. It’s just a sad state of affairs.

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66

ZEC can be used as a SOV, but it needs to be used too !

Open and honest dialog should be welcomed :exploding_head:

I’m focused on education, I’m not leaving ZEC, I hold :shield: 'd ZEC, I use :shield: 'd ZEC. We need more of the use part. I’d love to help you set up a node, for example, if you’ve never done so :bulb: :student:

So its not folks like me who are causing a slow death . Maybe we should figure out who is causing this slow death you love to talk about? I tend to believe its either manipulators, or folks solely focused on price.

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we can’t use ZEC because it’s not behaving like it’s supposed to behave. no education or access is going to change the intrinsic nature. so i repeat ZEC as fiat alternative won’t work. i was hoping ZeBoot would change this flaw in the vision because it causes wasteful spending.

i need something i can use

  1. zec as a SOV for saving
  2. privacy stablecoins for spending

you need to educate people on

  1. 21m cap is codified, it won’t change. halving schedule is locked in, it won’t change.
  2. we have a plan to bring privacy based stablecoins
  3. fees/gas to show you understand transactions are not free. investors can see through the charade that transaction costs are low. they are not low. educate us on the plan to remove inflationary funding.
  4. there more… but this 3 would be a great start.

it’s the way development money is spent. zec can only be manipulated because it has no anchor. you need to educate people as to how zec has an anchor in objective fundamental value. 21m cap and halving schedule is a start; but we need more security.

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This is completely false. This makes me question your honesty because it works, I use it.

I challenge everyone reading this to try for themselves The point of all this, don’t trust, verify!

I’m pretty shocked you think you can just make stuff up as you go.

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the network works. zec as an asset does not behave as it’s supposed to. do you understand the difference between the zcash network and ZEC the asset?

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I think its clear to everyone who uses, and who doesn’t use ZEC. You’re something else. I will end this conversation now.

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i need a lifeline :rofl:. anyone who understands blockchain and the assets want to help out? (i think this is someone who grants money as well; so one of us needs to be educated)

when i say zec (the asset) is not behaving as it’s supposed to it means it’s not acting as a SOV (as an asset), it does not mean Zcash (the network) is not working.

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This was already answered:

ZEC “users” are ZEC sellers.

They use the network to sell coins for services, goods, etc
on the other end of that are the ZEC buyers/ receivers/ holders.
(very very few Zcash participants function as both roles)

For the entire lifetime of Zcash, the balance of power is completely on the ZEC user/ seller. They have dominated Zcash, ZEC receivers/ holders have been disregarded and taken for their wealth!

Its not a virtuous cycle, it is to the impartial eye, and exploitation scheme. And if the ZEC user theme continues to dominate, then I can guarantee that the challenges of adoption will persist. Afterall, who wants to sign up as the newest ZEC receiver/buyer to have their wealth, goods & services exploited?

Last year, as a ZEC receiver, I accepted 2 ZEC from a friend in Europe for a nice rug (retail value was about $110 at the time). Today, I’ve got $41.00 worth of ZEC, and my friend still has a very nice rug.

He exploited me! This is the outcome that dozens upon dozens of new ZEC receivers/ buyers have struggled against for the past 5 years. The ZEC user has had one over on us.

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73

So you’re telling me, you , after all this time, are not adding more ZEC at these prices? Give me a break. If this were true, you would sell and leave, but guess what you dont. I bet all the folks bashing the prices are actually, if honest, happy for these prices so they can accumulate. Lets all just pretend we aren’t happy to scoop up some amazing deals. :partying_face:

Price talk always ends with goal posts moving, as @Shawn pointed out. Its a joke.

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I’ve been consistent for a long time. Zcash Adoption suffers, because ZEC value-price suffers.

A virtuous growth cycle is only possible, whenever on-balance both ZEC user-sellers and receiver-buyer-holders are comfortable and happy to invite new people into their sort of role in the ecosystem.

I’ve been a receiver-buyer (and on rare occasions a user) since the coins were $350 each in 2017-2018. It has been obvious for a long time, that value-price is a critical variable in the equation for success in crypto land.

I’m yelling louder recently because I see the apathy toward value-price becoming more and more entrenched (people like Shawn have gone into masks-off mode, openly deriding one of the laws of nature in crypto). The people in power seem unwilling to do anything with the resources they’ve got available to them. It hurts the entire Zcash ecosystem.

We can live with mistakes, but I don’t think that we can live with delusions (or with a sheet pulled over our heads)

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75

If you believe markets are truth, as I believe you do, then lets see how this plays out. I lean more towards markets are more manipulated that most want to believe, but either way, I hope we are all here to stay, even if the project fails (Unlikely) Privacy should be that important, but I guess wealth is more important to many, I can accept that.

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There is a cancer inside Zcash. I hope it gets removed surgically before the patient dies.

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Agree here with you, except for the manipulation theory. Markets paint a picture of what people are doing with an asset (and they give an insight about future speculation on the value of the asset). Protecting and growing the wealth of market participants is critical for any enterprise that intends to have a long term place in its given industry.

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I haven’t gone into mask-off mode, it’s simply price has never been high on my list of things that attracted me to Zcash. That’s probably because I was sitting here when Zcash had no value whatsoever, because it was still on a Alpha testnet.

Many on the forum (including myself) were attracted to the cyberpunk ethos and self sovereignty of Zcash tech, not the potential for number go up. Does that show my age? Perhaps. But I still don’t think we will get where we all really want to go by studying price charts all day.

We need to get that culture of tech and innovation back and I think Josh is on the right track to get us there. I’m excited to see the new roadmap.

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I sure hope so! It should not be a battle to get people to agree that

  1. ZEC is supposed to be a “wealth storage” technology and
  2. Zcash (the network) is supposed to be a private transaction technology that helps keep assets like ZEC private both in transit and while in the wallet.

But for some very strange and unexplainable reason it is not something people can agree on.

If ZEC doesn’t work as wealth storage, at least as it relates to ZEC holders, self custody and even the network dont have much value. Now, you could say who cares, we plan on forking it anyway and we will get our value out later on down the line and just leave a lot of dead bodies behind you. Or we could work on making ZEC valuable. I dont think you will hear me say much about the price other than
a) the ZEC price matters
b) we need to have governance, development, codify the attributes of ZEC such as the 21m cap and halving schedule, and do the things needed to give ZEC value.

Since ZEC and the network are supposed to be about money, it seems odd to me that anyone would say or believe the price does not matter. In my view, we should not disaggregate price/value of ZEC as wealth storage from privacy. They should be attached at the hip. Its very clear we need more focus on ZEC as wealth storage.

I’ve been investing for quite a long time, and I could care less about price charts. I care about value. We need to make ZEC valuable. That should be a fundamental part of the mission/vision alongside and attached to privacy.

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80

All,

About 4 years ago, I decided to invest in an obscure privacy coin called ZANO which utilizes a hybrid PoW/PoS consensus mechanism. ZANO is an off-shoot from Monero (coded by a Monero Dev named CryptoZoidberg) and to be frank, ZANO uses an inferior technology to Zcash (ring signatures).

However, at the outset, ZANO built a highly functional wallet which enabled me to self-custody (HOLD) a large number of coins over the past 4 years and STAKE coins to help secure the network. By literally leaving this wallet open and stake on a single machine, I earned over $18,000 worth of ZANO and the price of the coin went from $0.32 to roughly $3.05 at the time of this writing.

MY POINT: This little project with no dev fund of any kind built a highly functional wallet that included a PoS mechanism for regular users to HOLD and STAKE. The result: price go up, coin holders happy, outlook for project reasonable/positive.

Could you imagine if Zcash had built a great wallet at inception, had already transitioned to PoS, and it’s dev organizations did not sell the coins minted to fund development? Imagine that world Zcash Holders.

To be clear, I’ve lost so much money buying and then holding Zcash that it would make many on this forum vomit. It’s a significant sum. And yet, I’m still here because I believe Zcash’s development team and technology is the most comprehensive and best in class solution for privacy in cryptocurrency.

I am writing this because as I read these back and forth debates, I hope that @joshs and @shawn can hear what I am saying as a Zcash investor because it’s remarkable that an inferior project like ZANO continues to outperform a superior project like Zcash. ECC/ZF/ZCG - I support you and I will continue to hold Zcash but please, please, please stop saying that price doesn’t matter. It matters because so many of us still here continue to fund this project by holding.

Fortunately, I believe a transition to PoS, and perhaps a new approach to funding can produce a different result than a situation where Zcash not only does not correlate in anyway with BTC, but actually moves in the opposite direction in a bull market. Like many who believe in this project, I’d buy more, but I see this price going to $10 and below because without solving the issue of downward selling pressure due to PoW and a sub-par wallet experience for self custody, this project is going to continue to suffer.

Peace…

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