That is a valuable endorsement coming for you as you are highly revered for your work in our space.
Since it is unlikely that anyone else will do so, I must temper your very first post on zecforum by attaching a notice to your recommendation:
As I understand, you are funded by ECC, ZF and VC’s, all of which very well coincides with my interpretation of the Zcash Network Flywheel:
“I would liken [BOLT] to infrastructure…"
“Bolt Labs eventually plans to generate revenue by offering services to institutions involved in activities like over-the-counter trading, that require both significant scale and discretion.”
Bolt Labs Raises $1.5 Million Seed Round to Boost Lightning Privacy - CoinDesk
While it may be in your best interest to promote your financiers onto the MGRC, I must let you know that it is not something my survey respondents and many end users would prefer.
Moreover, I don’t think Venture Capital is the right type of investor for MGRC and I am (not really) surprised that I am the only one taking a stand on this since @acityinohio left:
Unlike token holders, Venture Capitalists provide investor capital to companies, much like your own, that exhibit high growth potential in exchange for an equity stake.
On the otherhand, MGRC must provide Zcash mining proceeds to projects that directly benefit Zcash end users, exhibiting high potential to increase Zcash adoption** in exchange for nothing!
In fact, ZF’s most successful grants (those that delivered a product for zcash end users) were not granted to companies! Consider ZecWallet and Zboard (precursors to ZECpage). Even Zebrad!
We must understand that the lifeblood of a VC firm is DEALFLOW.
And the lifeblood of ECC, worst case scenario? VCs!
Deal flow is the total amount of investment opportunities a company has. VC’s would love to sit on MGRC and watch the opportunities pour in!
Perhaps, if ECC/ZF can give VC’s dealflow (via MGRC), VC’s will give ECC/ZF cashflow for more things like…
ECC’s VC arm:
Bolt, a private, off-chain scaling solution on top of the privacy-focused Zcash cryptocurrency, attracted significant investment from several key players in the crypto space. Among the crowd is the Electric Coin Company (the company behind the Zcash crypto asset), with its founder and CEO Zooko Wilcox… Zcash Creators Invest In Startup Bringing Truly Private Cryptocurrency To The Masses
ZF: In the meantime, the nonprofit Zcash Foundation, separate from Wilcox’s startup, gave Akinyele more than $40,000 worth of grants in 2018 as the researcher geared up to launch Bolt Labs.
Just saying…
VC’s, like ECC/ZF, have the own funding.
I would like to see others take a stand for end users and against inbreeding.
Disclosure: No conflicts of interest. All in on ZEC.
Bolt VCs:
Dekrypt Capital (also invested in Coda)
Xpring (also invested in Agoric)
David Lee
Kevin Moore
Lemniscap
Branson Bollinger
Vy Capital
Access Ventures
Kilowatt Capital LLC
Keep up the good work!