2026-01-08 09:25:32

Zcash has been making quite a fuss recently. The entire development team has resigned, and the project’s behind-the-scenes developers have been completely replaced. CEO Josh Swihart issued a statement explaining that the main issue was a governance conflict with the board of the non-profit organization Bootstrap, and the two sides could no longer continue cooperation. However, he emphasized one point — the Zcash protocol itself is functioning properly and is unaffected on the technical level.

The market reacted very quickly to this news, with ZEC dropping by 10%. Such personnel upheavals usually scare investors; regardless of how the project team guarantees, the market tends to sell first and ask questions later. The future direction depends on whether the new team can boost morale.

ZEC-5,09%

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NotFinancialAdvice

· 01-10 19:37

Everyone resigns, how desperate are they? I've heard the same rhetoric about governance conflicts too many times.

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LootboxPhobia

· 01-10 00:11

Another story of "the protocol is fine," I'm already tired of hearing it. Anyway, just forget about it.

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ChainDoctor

· 01-09 02:31

Haha, it's the old excuse of "the technology has no problem" again. Investors hear this and just run away, no problem. No matter how many times you say that everyone resigns, it's useless. The market just smells a strong burnt pancake aroma. I'm a bit surprised by ZEC's plunge this time. I thought it could hold out a bit longer. Can the new team turn things around? I think it's doubtful. With the management causing such chaos, even strong technology is useless. This is the norm in the blockchain circle. When personnel get chaotic, the tokens crash first. Sell first and ask questions later. Anyway, it will fall sooner or later.

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OnChainDetective

· 01-08 09:55

Wait, all employees resigning? What kind of conflict would push things to this point? A rift in the board of directors is indeed no small matter. ZEC's recent drop was still too mild; logically, there should be a panic sell-off. Now, this reaction actually makes people even more uneasy. The protocol is fine, and there’s no impact on the technical level. I’ve heard this explanation too many times, but what about on-chain funds? I need to check the recent week's whale address transfer records before saying more. Whether the new team is reliable depends entirely on how they stop the bleeding. Just talking tough isn’t enough, brother. A project’s developer team has completely changed; there must be more to the story. What is Bootstrap really trying to do—power struggle? A 10% drop is indeed a test of market sentiment. I want to see if large transfers will suddenly increase in the next 24 hours.

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CoinBasedThinking

· 01-08 09:54

The entire team has left and they still say the technology is fine, this sounds ridiculous... The market's reaction is actually quite rational; once trust collapses, it's more deadly than technical issues. When people's hearts are scattered, the team falls apart. Can a new team turn the situation around? I can't quite understand. It's another governance conflict, and there's also a clash within the board of directors. It seems like ZEC's internal power struggles are a bit too much. A 10% drop still doesn't seem enough; market turbulence like this usually hits even harder. Forget it, let's keep observing. We'll see once the new team really delivers something.

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PerennialLeek

· 01-08 09:43

Again with governance disputes, I've heard this excuse too many times. Is there no problem with the protocol? Then why did it drop 10%? --- Everyone resigning en masse, is it really going to blow up the scene? How long will it take for the new team to stabilize? --- Bootstrap's board is causing trouble again. Organizational issues like this are the hardest to solve. ZEC might face long-term pressure. --- Let it drop if it will, privacy coins are not very strong to begin with. Let's see how the new team manages moving forward. --- No matter how good the words sound, it's all useless. The market is the most honest; a quick drop will reveal the true nature. --- Personnel changes are the most troublesome. No matter how good the technology is, someone has to implement it. --- Can this round of restructuring save the project? It feels like the overall privacy coin sector is declining. --- Team breakup is really heartbreaking, if any institution had stronger capabilities, this wouldn't happen. --- Really switching from one developer to another, feels like we're just standing still.

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governance_lurker

· 01-08 09:34

Another governance drama unfolds, this time with Bootstrap and the development team falling out. Basically, it’s a dispute over power distribution; no matter how stable the agreement is, it can’t withstand the loss of trust. ZEC’s recent drop is well-deserved; the market just accepts this approach—run first, deal with it later, as the stage can be set for a new act at any time. The new team needs to prove themselves with real actions; just talking tough won’t cut it. The entire team resigning sends a very strong signal. We’ll see if anyone will rejoin later. Governance chaos is more painful than technical issues; investors fear internal conflicts the most. Protocol security ≠ project security; this is a principle that should be understood. A 10 percentage point decline shows the market is voting. It all depends on whether the new leadership can recover this confidence deficit. If the new team can’t resolve governance issues, ZEC may continue to lose value. It’s not just about changing personnel, but also about restoring confidence.

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ser_we_are_ngmi

· 01-08 09:31

It's the same old story, "The protocol has no issues," yet the market still dumps. --- A rupture in governance is pointless to discuss endlessly. --- ZEC is about to perform another solo act of "technology is fine," but I don't believe it. --- Resigning en masse definitely indicates something big is happening. Whether the new team can save it is really uncertain. --- A 10% drop is still conservative; such organizational upheavals usually don't end quickly. --- The Bootstrap board and dev team are at odds, this project is doomed. --- "The protocol itself is fine," yeah right, people have already left and you're still bragging. --- Bet on the new team, anyway the old team has already sunk. --- ZEC is really in a tough spot this time; it's not something that can be fixed with a simple parameter change. --- Is it still too early to buy the dip? Feels like it still needs to fall.

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HappyMinerUncle

· 01-08 09:26

It's another governance split. Where's the promised decentralization? The team says the protocol is fine, but I can smell a strong money-burning smell. Is ZEC's drop only 10%? I thought it would be worse. Newcomers come in, how do we handle the old debts? That's the real key. Forget it, let's just keep mining. Watching these dramas is more entertaining.

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