The nonprofit organization behind Zcash, Bootstrap, recently responded to the team’s departure incident. Speaking of which, the root of the problem actually lies in funding.
Specifically — when the team sought external investment, they encountered many restrictions under the legal framework of U.S. nonprofit organizations. These legal limitations directly led to internal governance disputes, which eventually evolved into collective resignations.
Bootstrap's current attitude is proactive. They have already begun in-depth discussions with legal advisors, engaging in multiple rounds of debate on two issues: "how to introduce external capital" and "alternative solutions for Zashi privatization." Their core demand is clear: to find a way that can meet funding needs, comply with U.S. nonprofit regulations, and simultaneously protect the interests of the Zcash community.
In plain terms, it’s about finding a way out between a rock and a hard place — to survive and develop, without violating rules or harming the community. Such dilemmas are actually quite common in crypto projects.
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NoodlesOrTokens
· 01-11 10:22
Non-profit organizations really go off the rails when it comes to fundraising; the US legal framework is just a stranglehold.
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GasFeeDodger
· 01-10 17:24
It's the same old story, non-profit frameworks get stuck every day.
Raising funds is difficult, so they run away. I've seen this move too many times.
So, in crypto, there is no perfect organizational structure.
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RetiredMiner
· 01-08 17:58
Ha, it's another legal issue causing chaos in the project
Both fundraising and compliance, this is how the crypto circle operates
By the way, Bootstrap's recent move was quite sincere, at least they didn't pass the buck
The non-profit framework is indeed a trap; US laws are very strict on this
Finding a way out in a dilemma is easy to say but hard to do
Rather than struggling, it's better to just switch to a private foundation
Zcash is not the first to encounter such issues
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MEVHunter_9000
· 01-08 17:55
Funding difficulties ruin teams, this is very common in Web3.
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AirdropSweaterFan
· 01-08 17:49
Oh no, the old problem again. The US non-profit approach really can cause deadlock.
Fundraising and compliance are unavoidable for crypto projects.
However, bootstrap's attitude this time is pretty good; at least they didn't give up and keep passing the buck.
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MetaverseLandlord
· 01-08 17:40
Oh no, it's those legal issues again. Zcash is trapped within the US legal framework.
Funding difficulties, huh? I think sooner or later these non-profit projects will all have to face this hurdle.
The nonprofit organization behind Zcash, Bootstrap, recently responded to the team’s departure incident. Speaking of which, the root of the problem actually lies in funding.
Specifically — when the team sought external investment, they encountered many restrictions under the legal framework of U.S. nonprofit organizations. These legal limitations directly led to internal governance disputes, which eventually evolved into collective resignations.
Bootstrap's current attitude is proactive. They have already begun in-depth discussions with legal advisors, engaging in multiple rounds of debate on two issues: "how to introduce external capital" and "alternative solutions for Zashi privatization." Their core demand is clear: to find a way that can meet funding needs, comply with U.S. nonprofit regulations, and simultaneously protect the interests of the Zcash community.
In plain terms, it’s about finding a way out between a rock and a hard place — to survive and develop, without violating rules or harming the community. Such dilemmas are actually quite common in crypto projects.