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Is Farcaster useful for the Base airdrop?

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thoughtcrimeboss

@thoughtcrimeboss

An excerpt from my newsletter (link in bio) about the Zcash drama and how it highlights the differences between Monero's governance model and the Zcash model: The latest pullback in Zcash was accelerated when there was a surprise announcement from the CEO of the Electric Coin Company, Josh Swihart, stating that the entire core development team was resigning and forming a new company due to a conflict with the board of Bootstrap which is a different non profit than the Zcash Foundation involved in the trademark drama. Bootstrap was created specifically to oversee the Electric Coin Company, and the devs at ECC have to rely on the board of Bootstrap for funding. Josh Swihart's initial tweet seemed very bearish in it's wording and caused a massive sell off in Zcash as tweets lacking context stating the entire Zcash development team had resigned spread across X like wildfire. In reality it seems like the devs are just ditching their non profit overlords so to speak and continuing Zcash development in a new company so that they can get paid more money. https://twitter.com/jswihart/status/2008987228429799621 Josh waited almost a full day before he clarified what this mass resignation actually meant, and the price has recovered somewhat. https://twitter.com/mert/status/2009323866909503984 DefiIgnas did a good overview from potentially a less biased perspective than Mert, if you want to know more check out their thread. https://twitter.com/DefiIgnas/status/2009235841751613660 Regardless of whether the final outcome of this drama is bullish or bearish for Zcash, I think it is a good demonstration of the advantages of Monero's pure community based governance model versus Zcash's corporate/nonprofit hybrid model. Maybe it's best to go either all the way community governed like Monero, or just be run by a corporation on the other end of the spectrum instead of trying to straddle the line between the two. There are various legal reasons as well for different governance structures. It frustrates me that onerous government regulations have such a big effect on crypto governance structures. You have to wonder what kind of innovation hasn't been able to happen because people are more concerned with what's legal over what works. You can't blame them for it either, considering the gun in the room so to speak. However Monero's governance model has proven that a purely community run protocol can still fund itself, grow, and outperform the rest of the market. A corporation or foundation can easily be shut down by the state at any moment, a community can't be. Unlike Zcash, Monero has no dev tax for developers to fight over either. If you need proof that the community model is working, Monero is on the verge of breaking all time highs with one of the best looking charts in crypto right now. https://twitter.com/Cryptocowboys6/status/2009339365835833709 Monero has also resolved it's recent governance dispute, albeit one much less dramatic than the Zcash one. The Monero devs were trying to decide whether or not to put in place a temporary block size limit to prevent issues after the FCMP++ upgrade goes live. The impetus for this was that on the FCMP++ testnet very large blocks (over 100 MB) would break things. This means that theoretically post FCMP++ an adversary could try to spam the network to get the block size big enough to crash the network. Monero has a dynamic block size, so the blocks automatically scale with demand. Placing any kind of block size limit on Monero was controversial because Monero is meant to be digital cash, which means the ability to scale is important. Unlike Bitcoin which decided to keep blocks small so that poor people in third world countries could afford the storage space to run nodes or something. You have to think, if someone can't afford to buy a slightly bigger hard drive to run a node, they probably are too busy trying to eat to run a node anyways. I never understood the Bitcoin small blocker's arguments and I have to wonder..... I'm out of space, check out the Thought Crime Trap House for more!

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