So sick and tired of the zcash people
https://image.nostr.build/030c1d2f735a12dd1e619ff3adbd58c44a6acc74df9b15f5a71d28d1a3340f61.jpg
do they not realize anybody can ask ai
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At launch, Zcash diverted 20% of each block reward away from miners for the first four years. Miners received the other 80%. That 20% went to early stakeholders: founders, employees, the Electric Coin Company, the Zcash Foundation, and early investors — including VC-backed investors.
Because Zcash had a Bitcoin-like 21 million supply schedule, that first-four-year allocation amounted to about 2.1 million ZEC, or 10% of the total eventual supply.
Critics called it a mining tax because it was enforced by the protocol: miners had to pay it automatically in every block. Supporters argued it funded development, security, research, and ecosystem growth.
After the first halving in 2020, the original Founders’ Reward ended and was replaced by a new development fund, still taking 20% of block rewards, but no longer paying the original founders/investors in the same way.
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At launch, Zcash diverted 20% of each block reward away from miners for the first four years. Miners received the other 80%. That 20% went to early stakeholders: founders, employees, the Electric Coin Company, the Zcash Foundation, and early investors — including VC-backed investors.
Because Zcash had a Bitcoin-like 21 million supply schedule, that first-four-year allocation amounted to about 2.1 million ZEC, or 10% of the total eventual supply.
Critics called it a mining tax because it was enforced by the protocol: miners had to pay it automatically in every block. Supporters argued it funded development, security, research, and ecosystem growth.
After the first halving in 2020, the original Founders’ Reward ended and was replaced by a new development fund, still taking 20% of block rewards, but no longer paying the original founders/investors in the same way.
4🤙6❤️1🔥1
