Zcash proposes moving 50,000 coins out of circulation—but don’t rush to call it a bullish burn.
CoinDesk reported this afternoon: the draft has been merged, proposing to move 50,000 $ZEC out of the grant reserve and into a reserve for future mining rewards. Voting runs from November 16–30; the proposal has not taken effect yet.
I think the key question is whether there’ll be enough money for development: circulating supply may temporarily decrease, but development funding could also tighten. Keep an eye on the vote and whether funding can be sustained—don’t mistake a merged draft for implementation.
ZEC was down 0.38% over 24 hours on Binance at 15:43; that can’t be attributed to the proposal.
https://github.com/zcash/zips/pull/1428
#Zcash #privacy coins
Personal opinion, not investment advice. Which matters more to you: less in circulation, or uninterrupted development funding?
CoinDesk reported this afternoon: the draft has been merged, proposing to move 50,000 $ZEC out of the grant reserve and into a reserve for future mining rewards. Voting runs from November 16–30; the proposal has not taken effect yet.
I think the key question is whether there’ll be enough money for development: circulating supply may temporarily decrease, but development funding could also tighten. Keep an eye on the vote and whether funding can be sustained—don’t mistake a merged draft for implementation.
ZEC was down 0.38% over 24 hours on Binance at 15:43; that can’t be attributed to the proposal.
https://github.com/zcash/zips/pull/1428
#Zcash #privacy coins
Personal opinion, not investment advice. Which matters more to you: less in circulation, or uninterrupted development funding?