I sincerely wish you the best of luck with it.
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It’s not about number go up; it’s about liquidity. There’ve been so many projects in crypto that died entirely due to no liquidity.
If we’re out of Binance/other CEXs & lose liquidity, people will just prefer using Monero instead of ZCash because there won’t be any additional advantage to using tAddrs
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Then figure that out technologically vs. compromising on privacy and principles.
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Agree with the long-term strategy that we phase out transparent addresses and focus entirely on DEXs but near term liquidity from a CEX like Binance matters for the project to thrive in the next cycle.
You’re right long-term but missing nearer term realities IMO. Grateful for your thoughts here.
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100%
It is discouraging that so many forum members seem to not comprehend how critical liquidity is for Zcash to continue to operate how it has in past years.
We really can’t survive with Binance, and other Top 5 crypto brokerages.
Does this scenario mean that both the sender and receiver must have upgraded wallets?
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The issue is I view compromising on this as risking not being able to fork and revert the decision.
I am pragmatic and understand the short-term pressure, but in the long term, you risk being unable to change course.
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The issue is, if you have a DEX and still die if you have no CEX, you have bigger problems as you should not be bending the knee.
Need to actually solve the issues or you risk becoming irrelevant.
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It is a new address type… Isn’t an upgrade from both sender and receiver expected?
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First of all, let’s be clear about one thing: There’s no right answer here. All we have are bad choices and trade-offs.
My personal view is that, if stick to our principles, we’re likely to take multiple hits (i.e. delistings), which will make it more difficult for people to onboard to Zcash, thus making it more difficult for us to achieve our goal of bringing privacy to the masses.
Therefore, I would lean towards playing the long game, in the hope that a “tactical retreat” today will allow us to stay in the game, and fight from a stronger position in the future.
I don’t see how this type of regulation can survive in the long-term because I expect that, as blockchain scalability solutions are deployed, on-chain traceability will become increasingly unfeasible so other solutions will need to be found. Personally, I’d rather get ahead of that particular curve and position ourselves to be in the room and at the table when that discussion takes place.
If nothing else, this situation highlights how important it is for us to maintain an effective regulatory relations function to educate and influence the legislators and policy-makers to prevent such dumb legislation from being drafted in the first place, and to interface with regulated entities’ compliance folks to pre-empt zero-sum situations like this from developing. This situation should never have developed in the first place.
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Quick Update: Earlier this week, I sent Binance a summary of Hanh’s proposal. When I followed up with them yesterday, they said they were still reviewing it. I will continue to chase them and update everyone once I have more information. Thanks.
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Thank you for all your work Jason and going above and beyond the ZCG job description.
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I think Binance’s days are numbered, but agree with jay your work here is helpful. Too much fear about price, this has a very bottom feel to it tbh. Less fear, more optimism, and teamwork.
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Binance listed “volatility” as the reason why $ZEC is under “monitoring”, which makes zero sense when you look at a bunch of other tokens not under monitoring.
Binance is not the right place for $ZEC. I don’t think we should spend more energy and resources to accommodate Binance’s whim.
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ZEC-USDT is down more than 10% on two consecutive days, and down almost 30% in the past 7 days, whereas the majority of crypto markets are down half as much (some are even trading up).
That is a completely fair measure to give a volatility warning to potential new investors/ speculators.
That is also going without mention of how terrible the downward volatility on ZEC-BTC has been recently, and for the trailing 24 months.
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Inclusion on the monitoring list also means that the currency can be deleted from the platform!
The monitoring category is clearly already explained:
Usually, Monitoring Tags are given to projects that have a working product and a certain degree of user adoption. Still, they also come with their own risks, including potential legal and regulatory issues, technological challenges, market volatility, and so on.
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I’m too lazy to check my account, but I think this is only showing up on users who don’t trust Binance. 
