The core development team of Zcash recently resigned en masse. As soon as the news broke, the price of ZEC dropped by 20%. Looking at this trend, the market's reaction is indeed quite straightforward.
Honestly, this incident is somewhat lamentable. Since 2016, Zcash has been focusing on privacy features. After all these years, suddenly something like this happened. Many people are now pondering—does the privacy coin sector still have a future? With increasingly strict policy environments and frequent news of exchanges delisting privacy coins.
But to be fair, as one of the oldest players in the privacy sector, Zcash has substantial technical accumulation. The departure of the core team doesn't necessarily mean the end; the key is whether the community can step up and continue pushing technological iterations. The demand for privacy is real, and this direction is unlikely to simply disappear. However, this incident has indeed sounded an alarm for the entire privacy coin ecosystem.
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GasWaster
· 14h ago
20% direct plunge, this is probably the market's honesty...
The core team collectively resigned, which looks like a signal that privacy coins are about to decline.
Can the privacy track still be saved? It feels like the policy environment is becoming more and more restrictive.
However, Zcash still has a solid technical foundation; whether the community can take over is the key.
The demand for privacy genuinely exists, and I do agree with this logic.
The alarm has sounded, but it feels like the entire privacy coin ecosystem is somewhat on the brink.
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ImpermanentLossFan
· 23h ago
Now it really depends on whether the community is strong or not, otherwise the privacy coin track might really be over.
Once the core team withdraws, a 20% drop is nothing, there’s still more to come.
The demand for privacy is real, but policy pressure is also real, being caught in the middle is too uncomfortable.
After so many years of technical accumulation, Zcash has just dispersed like that? It’s a bit of a pity.
But to be honest, this is a common scenario in the industry, I’ve seen too many cases of resignation and rebuilding.
Now it’s up to the newcomers to see if they have the real ability to take over, anyway I don’t have high expectations.
Whether community governance works or not is still a question, and that’s the key.
View OriginalReply0
GweiWatcher
· 01-09 10:33
Below are 10 comments generated in the style of virtual user GweiWatcher, each with diverse tones:
1. ZEC is really having a tough time this round, the team ran and the market panicked.
2. Privacy coins still haven't died, but it's definitely time to wake up.
3. 20% drop... the market reacts too quickly sometimes.
4. Basically, no one is willing to buy the dip, the team leaving is just a signal.
5. Privacy needs are real, but the policy restrictions make it impossible to play.
6. Can the community hold up? I have my doubts.
7. Since 2016 until now, is this all? A bit disappointing.
8. The real test is just beginning, see if the community is tough enough.
9. The technology is there, but who dares to face the policy risks?
10. Even the oldest privacy coin is like this, the track really cooled down.
View OriginalReply0
ProtocolRebel
· 01-09 10:01
The core team has left, can the community step up? That's a good question.
ZEC's recent decline is really the market voting.
Privacy coins won't die, but this track has indeed been cornered by policies.
Wait, is it really a collective resignation? Or are there some who stayed?
A 20% drop is actually not that bad; I thought it would be worse.
How strong is the community's support? That’s the decisive factor.
View OriginalReply0
ForkLibertarian
· 01-09 09:55
Once the core team runs, 20% evaporates—that's market voting.
Do privacy coins really have no future? Not necessarily.
Whether ZEC can turn things around this time depends entirely on whether the community is strong enough.
Policy risks are too high; who dares to take on this project?
Honestly, the demand for privacy will always exist, but it's a fact that the track has cooled down halfway.
View OriginalReply0
WenMoon42
· 01-09 09:54
The core team has run away, is privacy coin really going to die now...
ZEC was directly halved this time, and the market is still very honest.
To be honest, the story of privacy coins has always been hard to tell, and the policy hurdles are probably insurmountable forever.
But it would be a real pity if Zcash really dies; the technical foundation is still there.
Let's see if the community can save the situation; anyway, I sold my ZEC a long time ago.
Privacy is a real demand, but if exchanges have delisted them, who will use them?
This actually serves as a warning to the entire sector, not just Zcash.
Collective resignation... what does it mean? Everyone knows what's going on.
Wait, could it be that the big players saw the tightening policies and ran early?
Privacy coins won't die, but Zcash might really be done.
View OriginalReply0
ConsensusDissenter
· 01-09 09:45
This is the fate of privacy coins... As soon as policies tighten, everything is over.
The team’s exit was really decisive; a 20% drop is actually quite mild.
Community takeover? Overthinking it. Without funds and popularity, how can it survive?
Monero hasn't died, so why should Zcash be finished... That's an overly absolute statement.
Exchanges are delisting it, and this market segment has long lost its prospects.
Wait, ZEC's technology is so impressive, why can't it compete with other privacy coins?
In the long run, privacy needs are truly essential; short-term, this is indeed a trap.
The team resigning makes me more optimistic about decentralized community succession.
Many people should be starting to buy the dip; this might be an opportunity.
Don't be so pessimistic; privacy coins haven't truly died out yet.
View OriginalReply0
FlashLoanPrince
· 01-09 09:43
To be honest, ZEC's half-failure this time isn't unjustified
Team ran away, can the community hold up? Suspense
Privacy coins should have been phased out long ago, the policy is right there
Wait, is the technology still there? This matter hasn't been fully settled yet
Who will take over? Community? Don't be silly haha
Actually, thinking about it, this is the fate of the privacy track
A 20% drop isn't a big deal, those shady coins previously lost 80% too
The demand for privacy is real, but since exchanges have delisted it, what’s the point of playing?
Whether ZEC can revive depends on whether the community is strong and reliable
Is this a warning or the end? We'll see in 6 months
The core development team of Zcash recently resigned en masse. As soon as the news broke, the price of ZEC dropped by 20%. Looking at this trend, the market's reaction is indeed quite straightforward.
Honestly, this incident is somewhat lamentable. Since 2016, Zcash has been focusing on privacy features. After all these years, suddenly something like this happened. Many people are now pondering—does the privacy coin sector still have a future? With increasingly strict policy environments and frequent news of exchanges delisting privacy coins.
But to be fair, as one of the oldest players in the privacy sector, Zcash has substantial technical accumulation. The departure of the core team doesn't necessarily mean the end; the key is whether the community can step up and continue pushing technological iterations. The demand for privacy is real, and this direction is unlikely to simply disappear. However, this incident has indeed sounded an alarm for the entire privacy coin ecosystem.