Zcash Drama: ECC Team Quits Bootstrap!

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Oh, come on! Another day, another Zcash meltdown. The entire Electric Coin Company (ECC) team just left Bootstrap, a nonprofit that’s probably more confused than a penguin in a desert. Josh Swihart, the CEO who’s clearly been through more than a few bad days, says the team is forming a new company… because nothing says “trust us” like a fresh start. 🧠🚨

A Zcash Civil War? More Like a Zcash “I’m Outta Here!”

In a statement that reads like a soap opera, Swihart claims the Bootstrap board is “misaligned” with Zcash’s mission. Names like Zaki Manian and Christina Garman are now the villains of this story. “They changed the rules mid-game,” Swihart says, as if that’s a new concept. 😤

Swihart’s “constructive discharge” sounds less like a firing and more like a “we’re not angry, we’re just… disappointed” moment. The team’s new company? Probably just a fancy way to say “we’re still here, but not with you.” 🚀

Meanwhile, Zooko Wilcox, the founder, is trying to play peacemaker. “Big drama in one of the many Zcash support orgs,” he says, like it’s a minor inconvenience. But hey, at least the network is still “open source, permissionless, secure, and private.” Which is great… unless you’re trying to get a refund. 🧐

Bootstrap’s board, ever the calm in the storm, responded with a statement that’s about as clear as mud. They’re all about “compliance” and “legal obligations,” which is just a fancy way of saying “we don’t want to share the toys.” 🚨

And let’s not forget the ZEC price, which is now dancing to the tune of drama. $408.57? More like $408.57 of pure chaos. 💸

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2026-01-09 04:12