Ryan Sean Adams

Well, I don't want to claim that.

I'm sure there's other things like it, but it's pretty rare and special and different about Zcash is the dev fund.

You guys, should we recount that for your listeners?

I would love to.

We're familiar with it, but yeah, let's talk about it.

Okay, so Zcash is on its third halving.

It cloned Bitcoin when it was born and has a four-year halving schedule.

And each of these four-year periods, there's been a different...

monetary, what's the word?

Anyway, there's been this different thing starting in the second, starting from year five through eight, it was called the Dev Fund and it's still called the Dev Fund, I think, but we're in year like nine now.

And this is issuance.

You know how in Bitcoin, there's a bunch of coins issued with every block and they go to the miner who might not block.

Yep.

And in Zcash, 80% of the newly created coins go to the miner who might not block and 20% of them go to this Dev Fund thing.

And that means if the price has gone up like 7x or whatever you said, that means seven times as much money is going to this dev fund thing now as before.

I whipped out my calculator just before this started.

There's 21 million Zcash coins ever because we also cloned that from Bitcoin.

And in the first four years, half of that was issued to miners and dev fund recipients.

10.5 million coins.

In the second four years, that was 5.25 million coins.