Goodness me! The entire assembly of clever minds at Electric Coin Company, those behind the ever-so-private Zcash, have taken their leave in a most dramatic fashion. A governance spat with the nonprofit Bootstrap, of all things, has sent them packing, leaving us all to ponder the folly of it all. 🧐✉️
- The whole of Electric Coin Company’s Zcash development team, bless their hearts, has resigned after a most unfortunate breakdown with the Bootstrap board, who seem to have forgotten the art of compromise. 🧩🔨
- Mr. Josh Swihart, the CEO, declares the board’s alterations to employment terms have rendered work quite impossible, calling it a “constructive discharge.” How very modern of them! 📜🤷♂️
- Zcash’s protocol, being open-source, carries on without a hitch, yet the ZEC price has taken a tumble, exposing the perils of mixing nonprofits and corporations in this crypto world. 📉💸
Imagine our surprise when the entire team at Electric Coin Company, those guardians of privacy in the cryptocurrency realm, announced their departure due to a most unseemly dispute with their nonprofit overseers. How very unbecoming! 🕵️♀️🔒
Zcash and its keepers at Electric Coin Company in a most public quarrel
Mr. Swihart, with a heavy heart, revealed their plans to form a new company, dedicated to crafting “unstoppable private money.” How ambitious! Yet, one wonders if they shall ever escape the shadow of this scandal. 🌪️💰
He points his finger at the Bootstrap board, particularly Messrs. Manian, Fairless, and Misses Garman and Lai, accusing them of straying from Zcash’s noble mission. Tsk, tsk! Such drama! 👉📣
The board, it seems, imposed changes so absurd that the team could no longer perform their duties. “Constructive discharge,” they call it. How very inconvenient! 📝🚪
Fear not, dear readers, for the Zcash protocol remains untouched, thanks to its open-source nature. Yet, the token’s price has fallen faster than a debutante’s fan at a ball. Oh, the irony! 📉💃
Mr. Wilcox, the former CEO, defends the board, insisting Zcash remains secure. But one cannot help but notice the differing tunes being played. 🎻🤨
This fiasco highlights the tensions between passionate developers and nonprofit governance. How shall they ever reconcile? And what of poor Zcash, caught in the middle? 🌪️⚖️
Confusion reigns, with outdated titles and roles adding to the chaos. Mr. Swihart himself admits to being listed incorrectly. How very untidy! 📋🤦♂️
Supporters cheer the team’s escape, while critics fret over fragmentation. Oh, the dilemmas of decentralized projects! Will they ever find harmony? 🤔🎭
In the end, this episode serves as a cautionary tale of nonprofits, corporations, and open-source communities attempting to waltz together. One wonders if they shall ever stay in step. 💃🕺
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2026-01-08 13:51