The Last Swing of The Stick

More copy-pasta. I can already see the Price Speculation thread going off the rails :wink:

We’ve said it a hundred times.

The creators of Zcash unsuccessfully pitched it as private digital fiat - with near zero fees, world-class encryption, and even a memo-field!

The market didn’t bite on that pitch, the users never showed up, and the technical issues that have plagued Zcash for years have now driven that pitch into the dustbin.

Zcash is not designed to function like a private digital fiat. The long term coin supply is scarce (while coin issuance is/has been very high) which makes ZEC ↔ ZEC stability impossible, once you introduce the vector of time.

Imagine having been a seed investor, or VC who put up capital for the launch of Zcash, and then years later you find that the two Zcash orgs designed themselves to destroy the market value of ZEC. Its no surprise that this ecosystem lost all of its deep pocketed supporters.

To Save Zcash, a new, practical, actionable, economic narrative needs to be created.

Particpants need to be convinced of a unifying vision that ZEC are valuable crypto assets for holding, not dumping (and we need a Zero-Tolerance policy for Lip Service.)

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