According to ZF’s Q2 financial statement ZF hold $16m in liquid assets. This doesn’t sit well with me as I’m a firm believer that the Zcash community and it’s funded entities should be using all the resources at their disposal to better Zcash and to position Zcash for the next mass adoption/usage phase. But then it occured to me that maybe I should simply ask the question.
- Why is ZF sitting on $16m in liquid assets?
- Does ZF have any plans for using these assets?
- What could/should ZF use these assets for?
During the last crypto hype/adoption phase many people in the community vocalised their concerns that Zcash didn’t gain their “fair share” of user adoption and investment. We saw some prominent Zcash community members either silently move away from the Zcash ecosystem or some much more vocally resign from prominent possitions due to the lack of adoption and price appreciation of ZEC.
My concern is that ZF is sitting on $16m in assets. In 2-5years when the next crypto hype/adoption phase occurs my worry is history will repeat itself and Zcash won’t capture enough “adoption”. When we look back at what went wrong I’ll point out that ZF, ECC, and ZCG were sitting on large piles of cash. $10s of millions in assets that could have been spent doing any large number of things that would have helped drive adoption during this hype/adoption phase.
We know the next adoption phase is coming and we know it’s going to take time and money to prepare for it. We need to start now!