The State of Zcash Governance

[aquietinvestor]

@Autotunafish

Like echoed many times on this forum, the charity model not only more closely aligns with the community values but It also carries with it a tangible measure of enforcement to remain aligned with said community values via the accountability requirements imposed upon it by the entity that grants its status privileges.

I very much agree with @Autotunafish. This is the reason why I set up Shielded Labs as a non-profit. It is the reason why “supporting the Zcash community, ecosystem, and protocol” is explicitly included in the Articles of Association’s mission statement for Shielded Labs. Shielded Labs serves a charitable purpose, similar to the Zcash Foundation, and will continue to pursue tax exemption status as a charitable organization.

Please see this post for additional information and context:

Shielded Labs: An Independent, Non-US Organization

Shielded Labs does not currently have tax exempt status, but is taxed as a non-profit on a cost+ basis. After Shielded Labs was organized, I applied for tax exempt status on the advice of Swiss legal counsel. However, after three or four months of deliberation, the tax authorities rejected the application. I was surprised with the outcome because Shielded Labs seemed to meet all the requirements for tax exempt status. Shortly after the rejection, I spoke to the COO at Nym, which is also base…