It doesnt have to be written black on white for it to be true. what do you think will happen to the future growth and development of Zcash and its “mission” if the price of ZEC goes to $2 ?
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@Autotunafish …that previous post was for you
the main point with cryptocurrencies - dont try to understand them as a like legacy/rational investments. its a game/gamble at first, with technological/religious/social/marketing flavors. its purely speculative in its nature in terms of roi. play it safe, and your chances for reward will increase. multiply risks expose your fallacies for exploitation - chances decrease. just dont overgamble/overinvest, and dont be too greedy (even if you are project owners, they are humans too, and can oveplay themselves). or if you are in for tech - then just use it, or try to build something with it, just not mix it with investments/gambling. you never know what market makers think. current drama in twitter looks coordinated, main reason is money, as always. money. all the ogs are here for clout and money at first. different attitudes, different roles, but no one is special. if person has cypherpunkish appearance and is a good programmer - it doesnt mean he’s not a normal person with greed for interest from his venue and fear of losses if competitors will pull some of their clout.
I see a lot of proposals pushing for a 20% dev tax. Serious question: What if the price of ZEC goes to $2000+ per coin?
The 20% threshold then seems like WAY too much. Has there been anything to address significant price appreciation (which is likely to come post halving… maybe not to $2000 per coin, but still).
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funny. so, with 3000% increase in price of your coins you would be still greedy about any reward?
large players like that would need to pump their way out of ZEC.
Unlikely and as such not a concern, not a priority
There’s a much greater likelihood that the prices of all cryptocurrencies are highly manipulated and any attempts to change that are just futile so we concern ourselves with the things that we can change, the things that are actually important
BTW ZEC ATL $29
You do not understand the essence of the post.
With the current price and the demand of 1.1 million per month, provided that 20% is saved after halving, the fund and the company can continue to work where the mining will go, and at a price of $ 29, so the price directly affects the network.
You can not care about the value of the asset, but then rely on it is not worth it, and it turns out that the price is not important but the funding should not be less than 1.1 million per month, otherwise we do not work and how to get it in the condition that 20% of production per month This is 800 thousand for example.
As I understand it, the fund will not have enough money again at the current price.
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Then c’est la vie, there is always the possibility that we can get everything right and it still fails but compromising on core values now (in times of transition and unsuredness), when they’re the most important means the project was doomed from the beginning and Ive been around long enough to know that Zcash will die before that happens 
Y’all should read this: Electric Coin Company Statement on Sustainability - Electric Coin Company
In particular:
ECC will release assessments of each proposal submitted to the Zcash Community site. We will first work with authors or champions on these proposals in order to formalize them into PreZips (pre Zcash Improvement Proposals) and ensure they reflect the author’s intent. Proposals might include non-funding mandates, such as Aristarchus’ mandate for a voting mechanism.
Each PreZip must have a champion who is the author and/or someone willing to advocate for the proposal. The ECC will then draft assessments of each PreZip that will include how its adoption would impact ECC funding, how we believe it would impact the Zcash project, and how the company would likely respond if such proposal was adopted by the community. We are likely to advocate for proposals which would allow ECC (or another organization in its place) to continue the kind of ambitious, strategic and integrated operations that we’ve demonstrated in the first years of Zcash.
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So in other words, “grant us the funds we need and give us carte blanche, or it’s best of luck and ciao bella” ?!
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Think that’s extremely unlikely. For a company to walk away from their flagship project, one that has defined their very existence, would be completely nuts - it’d be like Apple deciding not to make computers.
I’m sure they really want to keep working on ZEC & I certainly want that to happen, but there’s a balance to be found & that’s what this is all about.
Livestream is torrorrow, looking forward to that.
Have in mind that this 20% wont cut it if the price keeps dropping. Zcash foundation and ECC keep saying they don’t want to talk about the price, but lets say theoretically that price keeps dropping to 20-30$. They have said they need 700k a month for normal operations, but after halving even if they receive 20% of the supply (which is now 50% less) it won't be enough to fund them unless price goes to at least 150.
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I asked this question 5 times, no answer.
ECC have said $1.1 million a month. At current prices ($65) after the halving (109500 ZEC a month mined total) so ~$7.12 million so ECC cut at this price level would be 15.45%. A price of ~$50 would be 20%.
That doesn’t leave a lot else to go around to further decentralize development (assuming the allocation is not increased)
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After halving daily inflation will be 3600 coins and 20% from that is 720. In a month that makes 21600. If the price indeed drops to 30$ which isnt unlikely at this pace, that makes 648000$ a month.
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I think the difference comes from the numbers from the transparency report $750k (current) if i remember right and the $1M announced at Zcon1 (future).
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Yes exactly and I was referring to this recent post: Electric Coin Company Statement on Sustainability - Electric Coin Company
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Is it possible to have future dev funding be rewarded based on USD and not ZEC? What if ZEC price appreciates greatly?
I think there might be a couple of proposals based around that idea. I am not 100% sure though.
If you read through them and don’t find anything you think is what you are getting at I am happy to help write one up with you, that does convey your ideas.
It could be a full proposal or more of a mechanism which can be incorporated into other proposals. I don’t mind. If you are willing to put some effort in, so will I.
PM me or start a thread and @ me and we can go from there.
The more options there is to pick from the more likely the ECC will/can find some that work.
edit: I can see a few problems with your idea, but I also see massive advantages. I would like to discuss it further, can you start a thread? I think a lot of people would have some opinion on it (and I am sure it has been mentioned before)
I am not associated with the ECC/Foundation or any 3rd party. I am a humble community member just like yourself.
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