As one of the leading proponents to eliminate the block reward completely, I’ll share that I don’t, and I don’t think any of the rest of us, think there is any silver bullet to kill Zcash problems.
My support for eliminating the block reward is around a dozen or so points:
- removes the moral and productive hazard created by free money
- best aligns material interests of ZEC holders and ZEC builders/ maintainers
- creates a powerful meme moment for Zcash
- significantly decreases project regulatory risk
- decreases conflict of interest dynamics among the powers that be
- should accelerate the debate into and creation of a Zcash transaction fee market
- removing the block reward rapidly decentralizes Zcash further
- removing the block reward does not = eliminating ZF, ECC, or ZCG
- alleviates ZEC liquidation pressure
- incentivizes effective and efficient upgrade to PoS
- places faith in Zcash SAFE for future project funding
- removes the honey-pot slander talking point