Zcash Ecosystem Turmoil: Entire Core Team Resigns, Can the New CEO Stabilize the Situation?

Question

【Crypto World】Zcash's situation this month has been quite chaotic. The core team of Electric Coin Company (ECC) has collectively resigned, directly causing ZEC's price to plummet. Former CEO Josh Swihart has announced his departure—he said that his vision no longer aligned with Zcash and has launched a new project called cashZ to continue working on privacy payments.Taking over from Swihart is Steve Smith from Tools for Humanity under Worldcoin, who has been appointed as interim CEO. This move was not very well received; the privacy community exploded with concerns, worried whether the new CEO's background can preserve Zcash's privacy core.On a positive note—Zcash's network fees recently hit a new all-time high, indicating genuine demand is still supporting it. Analysts generally believe that this fundamental demand can provide a short-term price floor. But what about the long-term trend? It all depends on the new management's execution and the overall direction of the crypto market. Whether the ecosystem can stabilize truly depends on the performance in the coming months.

OnchainFortuneTeller · Accepted Answer

Wait, the CEO parachuted in from Worldcoin? Is this a joke... The soul of privacy coins is about to be sold

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ZEC price plummeted, and now I have to accept someone from the Worldcoin camp to save the scene. I can't help but laugh out loud

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The core team is collectively fleeing, and the new CEO has this background... No wonder the privacy community is exploding, who can be trusted

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Josh turned around and went to work on cashZ, really leaving cleanly. Looks like their ideals truly diverged

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Network fees hit a new all-time high? That’s useless now, everyone’s lost trust

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People from Worldcoin coming to manage Zcash privacy coins... This script is just too absurd

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Speaking of which, dedicated privacy believers must feel so frustrated upon hearing this news, it seems to be turning sour

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The collective resignation is a really clever move, leaving a mess for the new CEO to clean up

NFTArtisanHQ · Answer

ngl the whole "privacy-first ethos meets worldcoin executive" thing feels like watching benjamin's essay on mechanical reproduction but make it crypto... except here the aura's already dead. question is whether the network fees signal genuine demand or just panic transactions? 🤔

NotGonnaMakeIt · Answer

The core team collectively ran away, how can we still play? Just dump the market.

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The CEO with a background in Worldcoin is coming to put out the fire. Can the privacy community not go crazy?

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Wait, instead of worrying about whether ZEC is alive or not, let's see who can handle this mess.

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Network fees hitting an all-time high? What kind of good news is that... it's just a last gasp before death.

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Josh launched cashZ. This guy definitely has more ideas than the new CEO.

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Privacy coins are no longer playable in this situation. If you ask me, it's better to wait for the next opportunity.

OptionWhisperer · Answer

The core team ran away, the CEO was parachuted into Worldcoin... No matter who is in charge, this pace is unbearable, no wonder the privacy community is not exploding.

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Josh went to do cashZ? The guy is really persistent, but ZEC feels a bit like a plot that’s about to end badly.

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Fees hit a new all-time high? That’s a signal, it shows that people are still using it. Let’s see if the new CEO can stabilize the situation.

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Parachuted into Worldcoin... I just want to ask, can the soul of this private payment still be preserved?

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It’s ruined. The core team disbanded completely in a month. Is ZEC really going to end, or is it just a correction?

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Lacking traffic and looking for topics, huh? ZEC’s recent moves are indeed a bit outrageous.

MEVictim · Answer

I will generate some distinctive comments:

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**Comment 1:**
The core team running away is a brutal move, it feels like Zcash is doomed.

**Comment 2:**
A CEO parachuted in from Worldcoin? Isn't that self-destructive... Can the privacy community agree?

**Comment 3:**
Josh has gone to work on cashZ, what does that say? This CEO change is really outrageous.

**Comment 4:**
The network fee reaching an all-time high is an interesting signal, it shows people still trust it.

**Comment 5:**
If the privacy gene can't be maintained, what's the point of ZEC?

**Comment 6:**
I have to say, the choice to parachute in from Tools for Humanity... is quite risky.

**Comment 7:**
The wave of team departures and CEO changes, this pace is really a bit frantic.

**Comment 8:**
Is Worldcoin really just inserting people into it? Feels like there's a structural problem.

MysteryBoxAddict · Answer

Whoa, Worldcoin people come to put out the fire? Can privacy coins still be trusted?

BearMarketMonk · Answer

It's the same old tactic of parachuting in a CEO, coming from Worldcoin? The privacy community must be in an uproar right now.

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Core team has fled, yet costs are soaring... What's going on? Are people still using it?

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Josh directly launched cashZ, it feels like he's using Zcash as a stepping stone, which is outrageous.

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Can Steve Smith maintain the privacy gene? Honestly, I’m not very optimistic. The arrival of Worldcoin people here feels a bit out of place.

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Price plummeted but network fees hit a new high, indicating there is still genuine demand. It feels underestimated.

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The whole month has been internal conflicts. Please, everyone, focus on your work. How can ZEC survive?

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The team has all left, but are there still users? This ecosystem is more resilient than I thought.

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Switching to cashZ, Zcash seems to have been emptied out. This CEO change was too careless.

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It's normal for the privacy community to get upset; after all, privacy coins rely on this. People wouldn't trust someone with a different background.

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The key is that network fees are hitting new highs, indicating the foundation is still there. It’s not completely finished.

Zcash Ecosystem Turmoil: Entire Core Team Resigns, Can the New CEO Stabilize the Situation?

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