Totally agree with this @thowar2 - my .02
1 - Zcash’s run from $50 to $500 was driven by the “encrypted bitcoin / bitcoin hedge” narrative. That’s what resonated with the broader market.
2 - The main pushback from Bitcoin holders is still perception of “funds not voted on,” ZCAP, ZCF, ZF involvement, etc. How deep you go on the forums determines how if you get a voting spot etc.
This insider dynamic is why I stepped away years ago. Insiders on these forums are rarely heavily involved to the outside crypto world.
3 - The broader conversation is happening on X. Most of the people here on the forums are soft-vying for influence that outsiders don’t understand and don’t trust.
Regardless of what the optimal governance structure is, it is by far the hardest part of the Zcash narrative to sell.
4 - It makes 0 sense to do THV on 12% of the lockbox but do forum time spent + ZF involved somehow + a bunch of other criteria to elect people for 8% of ZCG funds.
Elected by token holder voting helps us push voting into Zashi and focus on it more. THV is the entire reason I got re-involved in Zcash.
5 - I love people with the most to lose controlling the dev funds - it is aligned incentives.
6 - Many of the people driving real impact don’t have time for heavy forum participation. I’ve been to five conferences, I fight every day on X to push Zcash, and I’ve barely spent time here (I did 5 years ago until the non THV governance stuff made me quit).
Everyone I’ve met who’s been effective over the last 12 months is the same.
The false assumption is that insiders to this community are the most effective. False. The most effective people don’t have time to spend in the Zcash forums.
Move to THV, it’s time.