Overall, this seems like a pretty good outline. I just want to see ZEC thrive. And I fundamentally believe decentralized, free, and market based solutions are the best way to go. I find a lot of irony in the fact ZEC is just so centralized from a funding perspective. We need to decentralize the funding in order to decentralize the development.
With that, we need to really think hard about the way things are, our fears, and what ZEC is. There is a saying: being too early and being wrong look the same. So, I dont know if you are too early or just wrong. But, I cant tell the difference as we sit here today. So, my recommendation is to focus on the bridge to your dystopian future because if it is coming, its not coming in our lifetimes. Most people who think, the world is ending turn to gold anyway…(its a very depressing life and their fears just never seem to materialize, and you just end up losing a lot of money. If this is you, you should ask yourself how many years has it been now…)
100% agree. Where we disagree. I do not believe ZEC is money if used in the context for day to day transactions. I personally can not imagine why I would ever use ZEC as day to day money (yes I own it as digital gold). Its too risky as cash/money. This is where I think BTC maxis have it right. And if BTC is digital gold, ZEC is private digital gold. If you want a private and secure method for payments, the answer is Zstablecoins. No vol, very reliable, secure, stable, accepted everywhere. Zstablecoins and ZEC complement eachother perfectly, broaden the user base, generate more transactions, better maximize the use of the blockchain.
Mining for ZEC…Are we really going to say that mining is earning money? That is the priviledged way to make money. Yes I said it. The way most people make money is by working…Selling their time. And when you think about earning money in this way, I think it leads to Zstablecoins, not ZEC as a way to earn money. And you already know my arguments as to why retailers dont want it either.
Digital money is here. Its been here a long time. What do you think your debit and credit card is? Its digital money, isn’t it? Now we have many other forms of dcentralized digital money. But the average person can not tell the difference. And, if you think no one else is coming, you are about to see what public markets & capitalism creates. The performance and user experience bar is going to get real high real fast. Digital money has been here and its gaining momentum. So ZEC needs to move fast or get left in the dust.
100% agree governance and funding needs to be changed. However, your solution is just more of the same, isnt it? Its centralized funding with just another new gatekeeper. I’m for better voting. But to say Zooko and Jack to step down while at the same time arguing for just another organization controlling block rewards is not the right way forward to me. We are not in a great place. But the pieces are still here to move forward and fix the structural problems.
100% agree. But transition to gas from blockchain rewards ASAP. The right line needs to be drawn to decide what is an edge use case that should be self funded and what is not an edge case that should get some funding. For example, I’m building an app for the iOS/Android. I dont get any funding from Apple and Im going to have to pay them, which realistically they deserve for creating the SDKs I rely on to get onto the phones. Apple understands the edge use cases…
100% agree this is important. To me, the best way to do it is to decentralize development. Ethereum looks like they have the best model. Focus on ZEC, and making it easy for 3rd parties to integrate it via SDKs. Funding the edge use cases will stretch you too thin…you will run out of money.
100% agree.