Zcash Mass Resignation Highlights Bitcoin’s Importance, Says Samson Mow — Here’s Why
Samson Mow cited the mass resignation of Zcash developers due to governance issues as proof of Bitcoin's superior stability.Summary
Bitcoin advocate Samson Mow characterized the mass resignation of the core development team at Electric Coin Company (ECC), the primary developer for Zcash, as a cautionary tale for investors. ECC CEO Josh Swihart stated the entire team resigned on January 7th following what he termed "malicious governance" by the Bootstrap board, which made independent development impossible. Despite the departure, the former ECC team plans to continue advancing Zcash technology under a new structure, including launching a new wallet based on the existing Zashi codebase. Mow used this event to argue that Bitcoin serves as "insurance against shitcoin dev teams quitting all at once," reiterating his long-held belief that projects like Zcash are unnecessary, and advising investors seeking privacy features to use the Bitcoin Lightning Network instead. Mow remains a strong Bitcoin bull, predicting its price could reach $1 million sooner than his model suggests.
(Source：CCN)