There’s an interesting proposal in the Zcash community these past couple of days: according to CoinDesk, $ZEC holders will vote from November 16 to 30 on whether to remove 50,000 ZEC from the community grant fund, worth about $50 million at current prices.
A few thoughts:
• How treasury funds should be used has always been a hot-button governance issue in privacy coin communities—people argue whether too much or too little is being spent
• The voting period lasts two weeks, during which the news may be hyped repeatedly; sentiment swings could be bigger than the impact of the result itself
• The broader market is weak right now, with $BTC hovering around $73,000. Altcoins often react more strongly to governance-related news
I’ll wait for the voting details and the final result rather than taking sides early. What do you think of this proposal? #Zcash #Governance
For reference only; this is not investment advice.
A few thoughts:
• How treasury funds should be used has always been a hot-button governance issue in privacy coin communities—people argue whether too much or too little is being spent
• The voting period lasts two weeks, during which the news may be hyped repeatedly; sentiment swings could be bigger than the impact of the result itself
• The broader market is weak right now, with $BTC hovering around $73,000. Altcoins often react more strongly to governance-related news
I’ll wait for the voting details and the final result rather than taking sides early. What do you think of this proposal? #Zcash #Governance
For reference only; this is not investment advice.