Don’t mistake this Zcash development fund battle for a clash of ideologies. At its core, it’s just a fight over how the money gets split.
First, the basics (as laid out by GCR): 20% of each block reward currently goes toward funding development. Holders vote on how 12% is allocated, while 8% goes straight to ZCG, a five-member committee. This funding arrangement expires in November 2028, and the two treasuries reportedly hold more than $300 million combined.
Now let’s look at who’s saying what:
Maxime Desalle, an analyst at Winklevoss Capital, says the price has gone up, so this kind of “forced tax” is no longer needed, and ZCG should be scrapped. It sounds pretty libertarian, but big holders have always hated being diluted. You don’t need me to tell you who benefits most from cutting that 8%.
On the other side, people have dug up that ZCG member Paul Brigner is also the chair of Pretty Good Policy for Zcash, an organization that applied to ZCG for $750,000. Serving as a judge while submitting your own application—is that what we call community governance?
The most ridiculous part is the numbers. For the same thing, one account says ZCG will transfer $124 million, another says $46 million, and another says 98,000 ZEC. Crypto Banter went all caps with “ENDING THE ENTIRE $300M+ DEVELOPMENT FUND.” Nobody agrees on what the figures refer to; everyone picks the numbers that suit them.
ZEC went from around $16 in July 2024 to over $1,200 this cycle. Now that there’s more money, the people around the table are starting to turn on each other. Retail investors, don’t take sides—neither camp is speaking for you.
#ZEC #Zcash
First, the basics (as laid out by GCR): 20% of each block reward currently goes toward funding development. Holders vote on how 12% is allocated, while 8% goes straight to ZCG, a five-member committee. This funding arrangement expires in November 2028, and the two treasuries reportedly hold more than $300 million combined.
Now let’s look at who’s saying what:
Maxime Desalle, an analyst at Winklevoss Capital, says the price has gone up, so this kind of “forced tax” is no longer needed, and ZCG should be scrapped. It sounds pretty libertarian, but big holders have always hated being diluted. You don’t need me to tell you who benefits most from cutting that 8%.
On the other side, people have dug up that ZCG member Paul Brigner is also the chair of Pretty Good Policy for Zcash, an organization that applied to ZCG for $750,000. Serving as a judge while submitting your own application—is that what we call community governance?
The most ridiculous part is the numbers. For the same thing, one account says ZCG will transfer $124 million, another says $46 million, and another says 98,000 ZEC. Crypto Banter went all caps with “ENDING THE ENTIRE $300M+ DEVELOPMENT FUND.” Nobody agrees on what the figures refer to; everyone picks the numbers that suit them.
ZEC went from around $16 in July 2024 to over $1,200 this cycle. Now that there’s more money, the people around the table are starting to turn on each other. Retail investors, don’t take sides—neither camp is speaking for you.
#ZEC #Zcash