Ryan Sean Adams
๐ค SpeakerAppearances Over Time
Podcast Appearances
Which at the time, I was just annoyed at them at the time.
That was me.
That was my company they were talking about.
And in retrospect, I'm like, oh, wow, that was actually pretty wise.
So what happened was we set up a nonprofit called the Bootstrap Foundation.
And all of the owners of the electric coin company
Donated their equity to the Bootstrap Foundation so that there would be no private owner who would have like a competing interest.
Like they would be able to extract value or direct the development to their private interest at the expense of the public interest or the Zcash community as a whole.
And the community, like the Zcash Foundation, did not fight very much at all.
I never asked them, but maybe the fact that it was now a nonprofit instead of a private company was part of why they stopped objecting to the Dev Fund.
The community as a whole approved the Dev Fund, like, with sufficient...
you know, majority or sufficient like consensus that it went through.
So that bootstrap nonprofit started receiving defund during those four-year periods.
But now in the current four-year period, the bootstrap nonprofit slash the electric coin company wholly on subsidiary isn't receiving defund at all.
The only interaction between that and the current organizational crisis in that organization is that some of the money they're holding is
It was previously given to them out of dev funds, if you see what I'm saying.
But they're not in an ongoing way receiving any dev fund money.
I don't know.
Does that answer your question?
It does.