Zcash’s $125M grants fight: ZCG offers $46M back as Winklevoss pushes coinholder rule

The five-person Zcash Community Grants (ZCG) committee has drawn criticism from people calling out the $46 million it wants to return of the roughly $125 million in its treasury as too small. The 8% allocation of block rewards flowing into the treasury became worth fighting over after the recent 48-fold explosion in ZEC’s price over the last three years caused the funds to balloon in value. Notably, the Zcash community has still not reached consensus on the best path to reroute the funds into. One of the more popular proposals to hand over control to coinholders has its detractors, who note that the people pushing the idea also stand to gain the most from concentrating power in the hands of the largest ZEC holders. What solution did the ZCG propose?

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