@cryptobliss
Is This Really The End Of The Privacy Run?
Damn, just woke up to this Zcash drama and $ZEC is getting wrecked , down like 20% already today.
The whole ECC team bailed after some nasty governance beef with the Bootstrap board.
Josh Swihart called it "constructive discharge" because the board allegedly shifted things so far off mission that the devs couldn't keep building ethically.
I've been watching Zcash closely because privacy coins have been quietly heating up again.
But this hits hard. ECC was the main engine driving protocol upgrades, wallets like Zashi, all that zk magic.
Key points:
➢ The network is still chugging along fine – open source, permissionless, no one's rugging the chain.
➢ Zooko came out saying the protocol is unaffected and he's got faith in the board folks' integrity (even if he's staying neutral).
➢Most importantly, the entire ECC team is spinning up a NEW company to keep pushing "unstoppable private money."
0 reply
0 recast
0 reaction