it’s to prove a point. it’s not a prediction. my point is even at 30k it will be too volitile for day to day transactions.
Many people hedge against USD. Let’'s not judge those people as it’s not the point. Fact is there are many people doing so as not a single thing is 100% reliable. The expression don’t put all your eggs in the same basket exists for a good reason.
Not as far as I am concerned. I have been very clear on my expectations of Zcash: it’s money (SoV, MoE & UoA). All aspects of money are important.
The zcash target market does not hedge. Period end of story.
then why arnt you upset ecc/foundation are
- moving out of privacy coins and into non privacy coins
- not acting and behaving like zec is a store of value.
they are breaking the core tenants of zcash mission arnt they?
Unsubstantiated claim. Sorry but I don’t see how this is helpful to move forward.
While some of their decisions may not be optimal, I do not question that they are doing their best.
You keep pushing the same narrative in every thread, regardless of what the thread is about. While I value your thoughts, I think this here qualifies as abuse.
it’s called consistency. the names of threads change, but they are about the same thing.
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. @Jgx7 I thought you supported both use cases?
I think everyone is this forum understands you really like the USD dollar, but as was mentioned above, hedging even the mighty dollar is necessary for a lot of folks.
The fact that people choose to hedge with ZEC because of privacy might indicate otherwise. You clearly favor SoV above all else, and that’s ok. I again think perhaps BTC is what you really like, because that coin clearly favors SoV above all else. You can even keep in a government approved bank. Not everyone agrees with this and are willing, perhaps, to have less dollars for more privacy.
i support hedging into usd because i know zec is not a currency for day to day transactions. i also know stability and value are more important than privacy. i don’t think BTC / ETH are true hedges. but the point being they are not private so it appears privacy is taking a backseat to value……i’m trying my best to show the community this is true.
i like a lot of things. the USD just happens to be what everyone else wants. so it’s just common sense to go after the largest market in the world for privacy. it helps the most people the fastest.
they arnt hedging. they are speculating. we can call it whatever we want. but the amount of money left in your pocket at the end of the day; the vol; the market depth says it all.
Can you expand on why you feel this way?
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the costs are in USD. so the best hedge is to hold the currency in which your costs are denominated. they should hold 6-12 months of costs in the currency of their costs
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a hedge means when one asset goes down the other goes up. so long 1 zec and short 1 zec would be a perfect hedge.
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buying btc/eth is a speculative investment decision. there is a high correlation between zec and btc/eth. it’s not really a hedge at all and it’s not well diversified.
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This is what I suspected. It’s always been about control. 
Yes I’m mad, I’ll opt out with Zcash 
This is completely taking away from what the conventional definition of hedge means. JGX is clearly speaking from a strict Financial Analyst’s sort of perspective, whereas your use of “hedge” feels like an ambiguous concept about currency devaluation or destruction or a dark 1984 style regime change.
The term hedge as we’re applying it to actions from the block reward orgs (ECC, ZF, ZCG) should be strictly regarded in the conventional finance context. To retain non-profit status and upright chartership in America, its not likely that the CFO(s) are allowed to indulge in adventurous “hedging” to how I understand dismad is describing.
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Who said I had to be conventional? I not reading some dictionary, or using some AI 
A lawyer I am not…
You don’t have to be anything, I am recommending that for the sake of productive discussion about the specifics of the ECC/ ZF/ ZCG treasury allocations, that use of commonly understood terms is best.
Holding BTC, ETH, or other altcoin assets (Agoric, StarkWare, Namada, et al) are not hedges against USD. They’re also not hedges against ZEC holdings.
Holding dollars against any crypto position can be considered a hedge (but the opposite isn’t true… that ZEC is a hedge against USD, for instance). JGX mentioned this above. Suppose an 80/20% allocation in USD vs Crypto would be a way of convincing some financial auditors that the non-profits are sufficiently hedged.
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I’ll let the experts way in, I’m not debating definitions
Thanks for posting this, Josh!
Sorry I’m late to respond! I really like your vision for moving forward, and share your enthusiasm for the future of zcash. Indeed, “privacy must win!”
One of my favorite experiences with zcash was actually when Zooko came to visit my state, and it was really inspiring to see the impact he had on the community. Adoption really skyrocketed, people were so excited to meet him and grateful for him taking the time to explain how to use zcash. And he was relentless: everywhere we went, everyone who worked there would end up with a wallet and a zec tip. And the effects had a lasting impact – people became willing to try this when they previously hadn’t given it a go.
I would love for Zooko to lean more into this role – I’ve seen first hand the impact he has on the broader community. I know that he doesn’t like to be the “face of zcash”, & I completely get that. But the reality is that many people see him as zcash’s Satoshi, and I don’t predict that ending any time soon. I hate to see him dealing with the politics and behind-the-scenes, I think he has the biggest impact leading the community with face-to-face engagement.
If he does end up leaning more into this role, I really hope you would consider stepping up to fill some of his other roles. I think you’re also a really trusted member of the community – I would 100% support you if you decide it’s something you would be willing to do.
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$80 dollars in fees… stop the presses! 
I came around on @joshs. He was muzzled by the powers that be; that much is clear.
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A simple, secure digital currency
Zcash is not that simple…
Sure; it’s simpler than something like Ethereum; but it’s quite a bit more complex than bitcoin, which itself it far from the simplest currency…
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