# Is the Zcash Foundation fully committed to Zcash? Why are they retaining $2,000,000 of altcoins? **URL:** \ **Category:** General\ **Created:** [May 17, 2023, 5:21pm UTC](https://forum.zcashcommunity.com/t/is-the-zcash-foundation-fully-committed-to-zcash-why-are-they-retaining-2-000-000-of-altcoins/44644 "2023-05-17T17:21:09Z")\ **Posts on this page:** 1\ **Showing post:** 1
**Author:** ![noamchom](https://sea2.discourse-cdn.com/zcash/user_avatar/forum.zcashcommunity.com/noamchom/32/20269_2.png) [@noamchom](https://forum.zcashcommunity.com/u/noamchom)\ **Post date:** [May 17, 2023, 5:21pm UTC](https://forum.zcashcommunity.com/t/is-the-zcash-foundation-fully-committed-to-zcash-why-are-they-retaining-2-000-000-of-altcoins/44644/1 "2023-05-17T17:21:09Z")
The value of Zcash relative to Bitcoin (and Ethereum) has been devasting for the past few years. Its poor relative performance has made it increasingly hostile for community and merchant retention. It has made building on Zcash appear increasingly hapless. It threatens long term ecosystem funding potential. And it has created prolonged negative brand awareness to the Zcash network. The Zcash Foundation is currently retaining a stagnant position of competing altcoins (BTC and ETH) that is valued near $1,800,000, while they also retain a bit more than $6,200,000 of valued ZEC. That is a ratio of roughly 3.5 units of ZEC vs each 1 unit of competitor altcoins, a staggering allocation into competitor assets when considering the relative weakness of ZEC. **Adding additional ZEC this year, while eliminating the conflict of interest in holding competing altcoin assets will provide the community with assurance that the Zcash Foundation is fully committed to Zcash.** **As an organization that has the success of Zcash as a core value, it is counterproductive to be holding so much relative value in competing altcoins.** My recommendation is that we open a community poll to determine if there is a majority who prefers that Zcash Foundation either exits their competitor altcoin holdings as a conversion into ZEC or USD. Considering the fact that the Zcash Foundation has the success of Zcash (and ZEC) as a core value, I suggest that the conversion of those competitor coins goes into additional ZEC holdings. However because that may be controversial because it is taking on a perception of excess financial risk, I could also support the conversion into USD (overweighting too far into ZEC, during a period of prolonged ZEC value loss may appear at the surface as _“throwing good money after bad”_). **Which action do you support for the Zcash Foundation?** **And please share your “Why” reasoning in the comments below** _Poll ([view on site](https://forum.zcashcommunity.com/t/is-the-zcash-foundation-fully-committed-to-zcash-why-are-they-retaining-2-000-000-of-altcoins/44644/1))_ ![image](https://global.discourse-cdn.com/zcash/original/3X/5/2/526af29433172ddedfecd042274a9d0c0622b4e8.png) --- _[View the full topic](https://forum.zcashcommunity.com/t/is-the-zcash-foundation-fully-committed-to-zcash-why-are-they-retaining-2-000-000-of-altcoins/44644)._