From a4f857bd3de4fc4feab3f919e75830402d0a4266 Mon Sep 17 00:00:00 2001 From: Matt Luongo Date: Fri, 27 Sep 2019 15:01:38 -0400 Subject: [PATCH] Zcash can be more than "Bitcoin, but private" --- zip-XXXX.rst | 20 ++++++++++++++++++++ 1 file changed, 20 insertions(+) diff --git a/zip-XXXX.rst b/zip-XXXX.rst index 162dfa14..9a7cb637 100644 --- a/zip-XXXX.rst +++ b/zip-XXXX.rst @@ -48,3 +48,23 @@ fee, and thought about how the right structure might support work like ours. I believe the Zcash community has an opportunity to deploy a new incentive structure that will attract companies like ours to build and improve Zcash, leading to a more resilient network, stronger technology, and wider usage. + +The Zcash Narrative +------------------- + +We're all here to build a robust, private, decentralized currency. But in the +dev fee proposals I've seen so far, the idea of a Zcash narrative that +distinguishes it from the competition is absent. + +One direction proposed in ZIP XYZ claims that Zcash is a hedge against Bitcoin's +long-term privacy failure. Put simply, Zcash is "Bitcoin, but private". + +I believe that Zcash should aim higher. Only one coin has successfully made a +store of value argument, which I like to call "worse is better". Don't upgrade +the network -- stability is more important than solving today's problems. +Bitcoin is chasing the Lindy effect, where worse is better, and that's great for +Bitcoin. For the rest of us, though, better is better. Zcash *should be better*. + +Zcash is known for having the best tech in the space, built by one of the best +team's in the space. We should lean in to that reputation, nurturing the best +research and engineering talent to take Zcash to the next level.