Ryan Sean Adams

But in order to keep things simple and so that we can't be accused of like,

self-dealing or selfish interests.

We just don't accept any debt fund.

We're only funded by donations from Zcash holders.

By the way, Tyler and Cameron Winklevoss just donated $1.3 million to Shielded Labs earlier today.

I really am happy about how it's gone because it has helped Zcash survive until now.

You can compare it to a lot of other things that didn't have a similar thing and they entered a death spiral.

Because when the token price is going down, that means development and maintenance and everything is getting worse and that makes the token price go down more.

So the DEF Fund sustained Zcash all along until now.

And I agree with you that the Zcash community has gotten used to it and treats it as a social contract.

People who buy Zcash are expecting, but that's part of what they're getting into.

You're probably not aware that it's changed every four years or so.

Because actually, this is something we did when we originally set it up, which I'm pleased with.

I'm glad we did it this way.

The first original thing, it was called the Founders' Reward in the first four years.

I remember that.

I remember that.

Which was a more accurate name because this 20% that got siphoned off from the, I wouldn't say from the miners, but for the first four years, 80% of the new issuance went to the miners and 20% went to this other place.

And that other place was give it to the investors and early employees and whoever had created and was currently maintaining.

And the dev fund kind of grew out of that.