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An impending funding crisis threatens Zcash

decrypt.co

21–27 of 27 posts

Re: An impending funding crisis threatens Zcash

#21
post #20
post #19

Earlier quoted context omitted.

The real problem here is that the compensation structure was initially defined to give the dev team payments for four years and then stop. That makes sense for stock options, when there are established mechanisms to expand the options pool later. For a cryptocurrency it creates a big problem for you, that you’ve punted four years down the road. We’ll see if Zcash developers manage to fork into a coin that keeps payin…

Shareholders don't expect to keep getting additional shares as time goes on. The point is you increase the value of each share by improving the company (or in this case the currency). They already have substantial ownership in the currency - this should be sufficient.

Shareholders don't expect to keep getting additional shares, but employees do. The main problem isn't that Zcash needs to incentivize shareholders, the main problem is that they need to incentivize engineers to work on their software.

Re: An impending funding crisis threatens Zcash

#22
post #21
post #20

Earlier quoted context omitted.

Shareholders don't expect to keep getting additional shares as time goes on. The point is you increase the value of each share by improving the company (or in this case the currency). They already have substantial ownership in the currency - this should be sufficient.

Shareholders don't expect to keep getting additional shares, but employees do. The main problem isn't that Zcash needs to incentivize shareholders, the main problem is that they need to incentivize engineers to work on their software.

Given the assets they have - the interest alone out to be enough cash to employ their devs. ZCash doesn't throw off interest directly but wall street is pretty creative at turning assets into cash flow.

Re: An impending funding crisis threatens Zcash

#23
post #6

who cares, crypto currency is a dumpster fire

Please don't post unsubstantive comments here. We've asked you this before, and if you keep doing it, we're going to have to ban you. I don't want to do that, so please use the site as intended, described here: https://news.ycombinator.com/newsguidelines.html.

Re: An impending funding crisis threatens Zcash

#24
post #23
post #6

who cares, crypto currency is a dumpster fire

Please don't post unsubstantive comments here. We've asked you this before, and if you keep doing it, we're going to have to ban you. I don't want to do that, so please use the site as intended, described here: https://news.ycombinator.com/newsguidelines.html .

I apologise, you're right, I was having a bad day. I'm surprised though, on a post with two downvotes?

Re: An impending funding crisis threatens Zcash

#25
post #24
post #23

Earlier quoted context omitted.

Please don't post unsubstantive comments here. We've asked you this before, and if you keep doing it, we're going to have to ban you. I don't want to do that, so please use the site as intended, described here: https://news.ycombinator.com/newsguidelines.html .

I apologise, you're right, I was having a bad day. I'm surprised though, on a post with two downvotes?

I'm afraid I don't understand your question.

Re: An impending funding crisis threatens Zcash

#26
post #25
post #24

Earlier quoted context omitted.

I apologise, you're right, I was having a bad day. I'm surprised though, on a post with two downvotes?

I'm afraid I don't understand your question.

that you would threaten to ban for something that got two downvotes is surprising to me

Re: An impending funding crisis threatens Zcash

#27
post #26
post #25

Earlier quoted context omitted.

I'm afraid I don't understand your question.

that you would threaten to ban for something that got two downvotes is surprising to me

Ah, I see. Well, moderation is orthogonal to comment voting. If a user is breaking the guidelines, it doesn't matter how many points the comment has. It's a bit like a constitutional democracy: the constitution part trumps the voting part.

When we post something like "if you keep doing it, we're going to have to ban you," that's because the account has a pattern of posting unsubstantive comments or otherwise breaking the site guidelines. It's technically a reply to one comment, because we have to hang it somewhere, but it's really a response to a pattern.

That said, it's been a while since we had to warn you and your recent history looks ok other than https://news.ycombinator.com/item?id=20126286, so I can see why my comment came as a surprise. But it would be good if you'd omit the really low-information comments and up the signal/noise ratio a bit.

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