If they got paid that much? The progress was very slow. Imagine it took 7 years ( 2017 to 2024 ) just to create a Zashi wallet?
Zashi is quite an impressive wallet though.
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I was a miner once but only a few ASICS. But being one at one time,i understand and agree with you 100%.
The setup and upgrades in a small shop, that can contribute to mining decentralization, is not easy. You can get new ASICS but always have that doubt in your mind whether is it really the latest and the greatest machine. BITMAIN probably sold you a less sufficient one while they are mining with better version of it ( better ASICS) with cheaper electricity in China, they can produce the coins dirt cheap and have done it already from 2016 to now, as evidently, they were able to survive all low prices, and in addition are Zcash overpaid workers (if that is true), the buyers of this coin were victims while the sellers no matter how cheap the coin had become, benefited.
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And nobody cared to help those that had locked coins after the upgrades. Imagine the stress of those that had locked coins in wallets including Ledger users and didnt know what to do?
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I will issue a correction, thank you nutty.
I’m glad you like it.
What you see in Zashi today didn’t take near that amount of time.
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But today isnt it 7 years ago since the network started. Shouldnt have happened 5.5 years ago?
I agree that it should have happened a long time ago.
A shielded mobile wallet wasn’t possible until Sapling activated in 2018, and then it took time to build out the light client on top of it.
ECC made a decision not to build one, then decided to build a reference wallet that was turned into a product by Nighthawk. It wasn’t anywhere close to good enough. ECC has wavered in its commitment to build and release a wallet for years.
A lot of pieces were there, but the commitment to do what needs to be done to productize it didn’t happen until this year.
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Hi, Someone of us definitely be back to respond to your message for ZCG more formally, because there’s a lot to respond to. For now, just on my own behalf (not on behalf of ZCG), I’ll tell you a little bit about how it works inside. The ZCG operation is absolutely not 16 hours as officially stated. The 16 hours are the hours of going “live” for discussion, but you wouldn’t come on air with an empty head, would you? We have an agenda that is set based on the operational goals of the entire community. I don’t know if it’s the right thing to do, but we try to coordinate the whole system if possible, at least we’re constantly discussing things that might affect the speed of updates and thinking about what we can do to make sure nothing gets delayed. It really depends on how passionate people are about Zcash. Take my word for it, there are no people in ZCG who are not passionate about Zcash. I think this has always been the case, because when you are chosen by a large number of people, it automatically gives you a lot of responsibility. At the end of the day, everyone works with full dedication because we are Zodlers. In fact, the community has found people in ZCG without compensation as you know, and I was surprised by ZCAP’s decision. Personally, I’ve decided that I will keep those ZECs so that I can partially dispose of them later for the benefit of Zcash when it’s a significant amount. By the way, you can apply to ZCG, it’s not difficult at all. About professionalism. Everyone here has their own set of experience that complements the structure, so everyone is a professional at something. How we can measure that? I don’t know. In my life I’ve run companies with a few hundred people we hired to do business. I understand something about business economics and know how to build business models and KPI systems. I haven’t written a single application, though. Is that professionalism for Zcash? Who knows? I’m just trying to apply what I know how to do. Whether I succeed or not will be clear to me later.
Thanks for your criticism! But just don’t lose faith in the people who are building this community, because people are really trying. And that’s important to keep.
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I hope someday it will all be good.
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This is bound to happen. There is one fragment from Moneyball that I remember every time in such situations:
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@HHIROSHIMA I remembered your nickname. You’re the one with the rabbit Twitter account, right? That’s right! There was an incident in 2023 when you wrote to me that all the ambassadors are a useless waste of the foundation’s money, while ECC employees are being laid off because of us.
This paragraph in my nomination thread was related to that very incident:
So using this podium, I want to respond to you. Yes it was frustrating and if I didn’t love Zcash I probably would have spit on my activism in principle. That’s what I’m saying, that no one should attack activists unless you want to lose what we have.
Please check out this topic where @joshs presented tables about Zashi downloads in various countries. By the way, I made a video about Zashi in 2024 after the ambassadors program was close. All the former ambassadors, without exception, whose grants we approved this year did the same.
So, I have only one question for you. Do you think it’s possible to succeed if you only create great products and don’t tell a wide audience about them?
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Investors search and in that search they’ll try your product and wallet tests are usual. If its a bull market and coins are locked in a wallet, thats a terrible advertisement.
The concept of privacy is really attractive for those that has that in mind. But Pepe coin or Trump coin is saying that most buyers are just here for the quicky.
Maybe someday it will not be quicky that will trend but some serious privacy. The quicky part must also have contributed to the decline of Zcash’s value.
Miners dumping, workers overpaid/unproductive to timeline and the quicky trend. Those 3 are major contributors to how Zcash lost rank and value.
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Each project has its own target audience. For zcash, it is narrow today, and mainly for investment purposes. But let’s wait. Let me try to explain who our target audience is. Have you noticed why there are so many people over 40 in Zcash? These are already people who understand the values of life. These people usually became interested in cryptocurrency early on, and already have money and ways to make money. They’re fed up with all the crypto nonsense, and they’re thinking about really global things. What exactly did Satoshi create? What problems does the modern financial system have, and so on. Our basic target audience is probably people who would like to put away in the deepest safe some stocks of money that they don’t need today. Just in case. Our target audience is those who became disillusioned with bitcoin after a series of news and realized that it was going the wrong way. Our target audience is people who like the limit of 21 million coins and they understand that it will cost a lot of money if the project lives. That’s why it’s important to create this constant movement in the community. Investors don’t read forums, it’s enough for them to find that a bunch of topics are filled with some kind of discussion every day. What do they care about these discussions? What do they care who sells Zcash in the issue? Miners or developers, or we’ll just donate a bunch of coins to a completely random group of people who will immediately sell them. Many people don’t understand a very simple thing. The more you spread Zcash today, the higher its chances of success. And to do this, we will have to go through this unpleasant period of low prices. Yes, be patient, but everything is going as it should, not what the trading view shows you. The second simple thing is that it is better to spend money on network development, rather than just maintaining PoW security. The miners will sell it all anyway. We have already seen this.
And who is not our target audience?
If a person for some reason does not want to notice the difference between memcoin and Zcash, this is not our target audience, but only today. Just wait until he gets tired of all this gambling, loses a few deposits, and realizes why cryptocurrency really exists. Everyone comes to this sooner or later. It’s not a quick process.
Even within the project, there are people with different target audiences. That’s why when Peter Van Valkenburgh says that I’m particularly not interested in investor issues, it’s not because he doesn’t care about Zcash. No! It’s just that his target audience is people in court, prosecutors, and the government. His task is to talk about high-level things. And at that moment, it was important for Zcash to say that. It would be strange if he publicly stated that he cares a lot about the price.
PS
I am writing in the sun from a small screen, so I apologize for any possible errors in the text. I’ll fix them later.
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The market sentiment around privacy coins has also changed significantly since the last cycle. Some countries have already banned them, and the EU has started preparing regulations for privacy coins.
Back in 2020–2021, many people and the market were much more excited about the idea of privacy coins, and I used to hear a lot more buzz about them. However, sentiment has shifted over time. Unfortunately, while the privacy features are great for some, many others don’t care as much about them and actively avoid privacy coins due to ongoing regulatory issues.
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Sentiments and trends fades and usually comes back after many years after they have left and forgotten. Another generation from another time will recognize its goodness. If we can only fast forward time and be there quicker to join the yet to be born.
Sorry for my late reply, but new accounts have certain restrictions on use, especially in the first 24 hours.
Unfortunately, nothing has changed so far!
I claim that the positive success and influence of the ZCG members and their approved projects is almost ZERO in relation to Zcash and the only thing that would be noticeable if they didn’t exist would be that a few hundred thousand more would be available for professional staff and to answer your question In my opinion, a framework should be developed to serve as a basis for future projects and ideas for funding decisions.
If your employer is paying you, they have already calculated exactly what you bring to them and that is exactly how the decision needs to be made and you will all realize that there are not that many things that can be approved or make sense. It’s about quality and professionals that can move the project forward. For example, Zcash Media (I’ll leave the cost out of it) and not about small private individuals who only cost money but have no real measurable value, expetrise and quality and experience.
Instead of having some cheap and unprofessional marketing produced somewhere in Turkey or Nigeria through a private individual, it would have been better to do it through a professional company like zcash media(This is just an example and there is certainly still room for improvement)who simply modify their videos in the required language. And yes, advertising is the most important thing after the product/use case, which doesn’t really exist yet. But not by laypeople. Companies and agencies should do things like that. This other type of advertising cannot be taken seriously at all and when I see that the people who do the advertising have charged horrendous amounts for it, then I certainly don’t. Paid and unprofessional advertising is the worst thing you can offer your audience. If a company or agency does that, then that’s a completely different story and conveys a professional and serious appearance.
I’ll say it again, stop this here and invest the money in external service providers, agencies that are specialized in their field and ensure that zcash is presented in a grandiose way to the outside world in addition to its grandiose technology. Otherwise you will do the project more harm than good. Im honest, this number here is too big for almost everyone. It needs to be done by professionals in order to continue to meet certain quality standards here and to present the project to the outside world in the way it deserves, on the same level as it is done on code basis by the developers.
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Thanks, that’s a helpful perspective. I know we used to have a problem funding direct advertising due from ZF for 501(c)(3) the US tax code, so Zcash official organizations never did it. But I as an individual have used some opportunities to advertise my site in the past. I’m going to try to find out ZCG’s current capabilities in this regard. What is advertising and what is not. Where is the fine line where Zcash Media can talk about Zcash or cannot. I thought the last their video was the boldest in this regard. If this series wasn’t so American, I’d definitely pick it up in voiceover.
By the way, no one prohibits translating Zcash Media’s quality content into different languages. At least for the Russian-speaking audience, these are traditionally the most popular videos in Russian about Zcash. Because they are really high quality stuff. Many in the community will argue about the rationality of spending on such products, but I still believe that in 2021, when we had good market conditions ZCG made the right funding decision. I don’t know if we managed to hedge that amount or not. But at those prices it was a big job that the community could afford.
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For community reference, ZecHub has been educating over the past 3 years for much less than you think.
$389,313 / 3 years = 129,771 per year on Avg
I think you picking on ZecHub vs others is outrageous. We are proud of the work we are doing and hope it continues to help educate the community.
Also, a large portion of those funds are Bounty funds, for the community.
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Listen, I believe you 100% and I am very sure that you all are fine ppl and want the best for zcash and are putting in as much effort as your means allow. And I also believe that you all have a use in a certain position. That is beyond question. But not when it comes to deciding on possible projects and their financing so that they benefit zcash as much as possible. For me that is a fact and actually that is the core task of the ZCG, isn’t it?
The only thing zcash needs and this is the heart and core of the whole project
it cannot work without:
- A product development team (production of the product)
- A strategic marketing team (Marketing and customer acquisition through advertising) and yes it is possible please no more excuses in 2025 also no regulatory
- A management team that ensures that everything is implemented. (control, planning and implementation)
Everything is there except for a strategic marketing team
The ZCG is nice but not necessary and if it is, it needs to be led full time by an external impartial professional and act as a bridge between the project team and the community. Every dollar they approve that is not recouped brings the project one step closer to an existential bankruptcy whether ZCG or another organization but in this case especially addressed to the ZCG. They have to base their thoughts, actions and decisions precisely on this. You can only spend money if it comes back in, and that applies above all to the projects you finance. And yes, they will need money from other sources in the future, and if they carry on as before, they will not be taken seriously and will not be supported. I’ll say it quite frankly: The ZCG team should be put on ice immediately until all important development work on a code basis has been completed. The responsible ECC, ZF, should also concentrate exclusively on a strategic marketing team.
If all of that is done and runs without major incidents, then in the next year or even the year after that, yes, if a stable basis and foundation exists, a decision can be made about what a ZCG.
For now, the statement regarding potential investors, speculators, token buyers which don’t look at what’s happening in a project, how can you make such a statement? man!
Do you trust your money to everyone? The first thing serious investors, speculators, token buyers do is examine a project. By the way, the first part of a text was great, but the second half, heavy.
But thank you for your openness and communication, because that showed me, especially the statement with the investors, what is going on here and why. I would even go so far as to move the topic of ZCG, submission of projects as well as discussion and decision to a protected not public and visible area, as long as it is not handled professionally, it will do more harm than good.
I believe ZecHub has the most excellent KPI data, which is self-developed. It’s not easy to develop channels from zero. In the next years, at a given pace, it will be more noticeable results than at the start. Go ZecHub!
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