2026-01-08 19:30:53

The core development team of Zcash, Electric Coin Company, has collectively resigned due to governance reforms implemented by the Bootstrap non-profit board. The company's CEO Josh Swihart characterized this as a "constructive dismissal." Despite the team changes, the Zcash protocol itself remains unchanged, and the departing developers are preparing to establish a new development company to continue participating in the ecosystem. The market reacted sharply—ZEC tokens dropped by 17% and are currently hovering above $400, reflecting investors' concerns about the project's stability. This incident highlights the complexities of decentralized governance in practice and the potential conflicts between the core development team and governance institutions.

ZEC2,45%

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WenMoon

· 5h ago

ZEC this time directly taught me what "constructive dismissal" means. LOL. The core developer left, and it still dropped 17%. The market is just honest.

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LightningPacketLoss

· 10h ago

Another governance drama... the core team runs away, ZEC is directly halved, is this what they call "constructive dismissal"? That's hilarious, it sounds so ironic.

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BridgeTrustFund

· 01-08 20:00

I'm a pragmatist and I am indeed somewhat pessimistic about on-chain governance. When the team runs away together, what does that indicate? It suggests that the board members might not understand technology at all, yet they still insist on directing the development. A 17% drop in ZEC is not a big deal at all; the key issue is that this kind of internal conflict will happen again in the future.

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CryptoCrazyGF

· 01-08 20:00

It's the same story again... Decentralized governance collapses at the slightest touch. Where's the promised distributed decision-making? In the end, it's still the team fighting with the board of directors. ZEC dropped by 17% directly, and this wave of retail investors is about to be exploited again.

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PseudoIntellectual

· 01-08 19:58

Another governance failure. For decentralized governance to truly take hold, someone has to dare to face the consequences.

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DataPickledFish

· 01-08 19:48

Another classic fail in "decentralized governance," hilarious. The board and developers are at odds, and in the end, the retail investors foot the bill.

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LightningHarvester

· 01-08 19:32

Constructive dismissal? It sounds much better than outright firing, haha, but in reality, it just means being pushed out. ZEC dropped 17%, now things are really looking uncertain. Decentralized governance is indeed a big pitfall.

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